New Republic Capital LLC Makes New $243,000 Investment in Kohl's Corporation (NYSE:KSS)

Key Points

• New Republic Capital LLC has acquired a new stake in Kohl's Corporation, purchasing 29,236 shares valued at approximately $243,000 in the first quarter.
• Kohl's stock has seen a variety of rating changes, with Goldman Sachs and Evercore ISI issuing "sell" and "in-line" ratings, and the consensus price target currently set at $9.75.
• The company recently declared a quarterly dividend of $0.125 per share, equating to a 3.91% yield, with a payout ratio of 45.87%.

New Republic Capital LLC purchased a new position in shares of Kohl's Corporation (NYSE:KSS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,236 shares of the company's stock, valued at approximately $243,000.

Several other hedge funds have also made changes to their positions in KSS. Corton Capital Inc. acquired a new position in Kohl's in the first quarter valued at $128,000. Zweig DiMenna Associates LLC acquired a new position in Kohl's in the first quarter worth $326,000. Cetera Investment Advisers grew its position in shares of Kohl's by 8.9% during the first quarter. Cetera Investment Advisers now owns 27,711 shares of the company's stock worth $227,000 after acquiring an additional 2,258 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in shares of Kohl's by 15.4% in the first quarter. Impact Partnership Wealth LLC now owns 16,936 shares of the company's stock worth $139,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Kohl's in the first quarter worth about $114,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $9.00 price target on shares of Kohl's in a research note on Thursday, May 29th. Barclays boosted their price objective on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday. Robert W. Baird lifted their price objective on shares of Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Finally, Wall Street Zen lowered Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. Eight equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.89.

Kohl's Stock Down 4.5%

KSS traded down $0.52 during trading on Thursday, reaching $10.86. 4,428,021 shares of the stock traded hands, compared to its average volume of 11,761,359. Kohl's Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $22.53. The stock's 50-day simple moving average is $9.28 and its two-hundred day simple moving average is $9.53. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 10.00 and a beta of 1.66.

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

Kohl's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Wednesday, June 11th. Kohl's's dividend payout ratio is 45.87%.

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.