SG Americas Securities LLC Boosts Stock Holdings in Kohl's Co. (NYSE:KSS)

SG Americas Securities LLC lifted its position in Kohl's Co. (NYSE:KSS - Free Report) by 109.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,952 shares of the company's stock after purchasing an additional 75,114 shares during the quarter. SG Americas Securities LLC owned 0.13% of Kohl's worth $1,178,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KSS. Norges Bank bought a new stake in shares of Kohl's in the 4th quarter worth approximately $8,185,000. Dana Investment Advisors Inc. lifted its stake in Kohl's by 56.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock worth $3,554,000 after purchasing an additional 91,590 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Kohl's by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock valued at $13,246,000 after buying an additional 573,579 shares during the period. Hussman Strategic Advisors Inc. grew its stake in shares of Kohl's by 66.7% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock valued at $1,474,000 after buying an additional 42,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kohl's by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after buying an additional 55,540 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Kohl's Stock Down 4.9%

Shares of NYSE:KSS traded down $0.44 during midday trading on Tuesday, reaching $8.50. The company's stock had a trading volume of 5,920,407 shares, compared to its average volume of 8,919,374. Kohl's Co. has a 12-month low of $6.04 and a 12-month high of $24.83. The firm has a market capitalization of $951.80 million, a P/E ratio of 3.83 and a beta of 1.66. The firm has a 50 day moving average of $7.60 and a 200-day moving average of $10.49. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts anticipate that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.89%. Kohl's's dividend payout ratio is currently 45.87%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KSS. Morgan Stanley reduced their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird raised their target price on shares of 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 price target on shares of Kohl's from $4.00 to $5.00 and gave the company an "underweight" rating in a report on Friday, May 30th. Telsey Advisory Group reissued a "market perform" rating and issued a $9.00 price target on shares of Kohl's in a report on Thursday, May 29th. Finally, Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a research note on Saturday. Seven investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9.75.

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.