Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Kohl's Co. (NYSE:KSS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 212,123 shares of the company's stock, valued at approximately $2,978,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.19% of Kohl's at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl's in the fourth quarter valued at approximately $26,000. State of Wyoming acquired a new stake in shares of Kohl's in the fourth quarter valued at approximately $35,000. Bogart Wealth LLC acquired a new stake in shares of Kohl's in the fourth quarter valued at approximately $35,000. KBC Group NV raised its position in shares of Kohl's by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after buying an additional 1,974 shares in the last quarter. Finally, Platinum Investment Management Ltd. raised its position in shares of Kohl's by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after buying an additional 1,436 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.
Kohl's Trading Up 1.9%
Shares of Kohl's stock traded up $0.16 during trading on Friday, hitting $8.73. The company's stock had a trading volume of 7,133,711 shares, compared to its average volume of 8,853,364. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a 52 week low of $6.04 and a 52 week high of $24.83. The stock has a market cap of $971.86 million, a price-to-earnings ratio of 3.93 and a beta of 1.66. The stock has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $10.91.
Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Kohl's's revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Kohl's Co. will post 1.3 EPS for the current fiscal year.
Kohl's Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors 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 annualized dividend and a dividend yield of 5.73%. Kohl's's dividend payout ratio is 45.87%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on KSS. JPMorgan Chase & Co. lifted their price target on shares of Kohl's from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Telsey Advisory Group restated a "market perform" rating and set a $9.00 price objective on shares of Kohl's in a research report on Thursday, May 29th. Morgan Stanley lowered their price objective on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Finally, Evercore ISI lowered their price objective on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Eight equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9.75.
Read Our Latest Stock Report on KSS
Kohl's Company Profile
(
Free Report)
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.
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