Independent Wealth Network Inc. Increases Holdings in Kohl's Corporation (NYSE:KSS)

Independent Wealth Network Inc. boosted its holdings in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 99.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,937 shares of the company's stock after purchasing an additional 33,885 shares during the quarter. Independent Wealth Network Inc. owned about 0.06% of Kohl's worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of Kohl's during the 4th quarter valued at approximately $35,000. CWM LLC increased its position in shares of Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Kohl's by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock valued at $50,000 after purchasing an additional 5,894 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kohl's by 360.2% during the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock valued at $53,000 after purchasing an additional 5,053 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Kohl's by 5,814.2% during the 1st quarter. Allworth Financial LP now owns 9,581 shares of the company's stock valued at $78,000 after purchasing an additional 9,419 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

KSS stock traded down $0.05 during mid-day trading on Friday, reaching $9.58. 5,067,253 shares of the company's stock were exchanged, compared to its average volume of 9,086,830. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 8.79 and a beta of 1.66. The stock's 50 day moving average is $8.60 and its 200 day moving average is $9.61. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. Kohl's Corporation has a 12-month low of $6.04 and a 12-month high of $22.53.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the business posted ($0.24) earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 5.22%. Kohl's's dividend payout ratio (DPR) is 45.87%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Evercore ISI cut their price objective on Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on Kohl's from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Robert W. Baird upped their target price on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Barclays upped their target price on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a report on Thursday, May 29th. Eight equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.75.

About Kohl's

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.