LSV Asset Management Has $22.80 Million Stock Holdings in Kohl's Corporation (NYSE:KSS)

Key Points

• LSV Asset Management has decreased its stake in Kohl's Corporation by 12.4%, selling 394,788 shares, and now holds 2,786,811 shares valued at approximately $22.8 million.
• Kohl's reported a quarterly earnings per share of ($0.13), beating analyst expectations of ($0.22), despite a 4.1% decline in revenue compared to the same period last year.
• The company announced a quarterly dividend of $0.125 per share, which represents an annualized yield of 4.7% with a payout ratio of 45.87%.

LSV Asset Management cut its position in Kohl's Corporation (NYSE:KSS - Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,786,811 shares of the company's stock after selling 394,788 shares during the quarter. LSV Asset Management owned 2.50% of Kohl's worth $22,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC grew its holdings in Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares during the last quarter. State of Wyoming acquired a new position in shares of Kohl's during the fourth quarter valued at about $35,000. Versant Capital Management Inc raised its holdings in shares of Kohl's by 3,022.6% during the first 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 period. GAMMA Investing LLC raised its holdings in Kohl's by 360.2% during the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock worth $53,000 after buying an additional 5,053 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Kohl's by 5,814.2% during the first quarter. Allworth Financial LP now owns 9,581 shares of the company's stock worth $78,000 after buying an additional 9,419 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on KSS. JPMorgan Chase & Co. increased their price target on shares of Kohl's from $8.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Robert W. Baird raised their price objective on shares of Kohl's from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Barclays raised their price objective on shares of Kohl's from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a research note on Thursday, May 29th. Eight research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.89.

Kohl's Trading Up 0.9%

NYSE:KSS traded up $0.10 during mid-day trading on Tuesday, reaching $11.49. The company's stock had a trading volume of 6,127,990 shares, compared to its average volume of 21,112,180. The company's fifty day simple moving average is $9.48 and its two-hundred day simple moving average is $9.44. 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 twelve month low of $6.04 and a twelve month high of $21.39. The stock has a market cap of $1.29 billion, a P/E ratio of 10.54 and a beta of 1.73.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) EPS 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 period last year, the business posted ($0.24) EPS. The company's revenue was down 4.1% on a year-over-year basis. On average, equities analysts predict that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, June 11th. Kohl's's payout ratio is currently 45.87%.

Kohl's Company Profile

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.