Zweig DiMenna Associates LLC bought a new stake in Kohl's Corporation (NYSE:KSS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,900 shares of the company's stock, valued at approximately $326,000.
A number of other hedge funds also recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of Kohl's by 8.9% in 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 increased its position in Kohl's by 15.4% during the first quarter. Impact Partnership Wealth LLC now owns 16,936 shares of the company's stock worth $139,000 after buying an additional 2,265 shares during the last quarter. Private Advisor Group LLC acquired a new position in Kohl's during the first quarter worth $114,000. Hussman Strategic Advisors Inc. increased its position in Kohl's by 40.0% during the first quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $1,202,000 after buying an additional 42,000 shares during the last quarter. Finally, Independent Wealth Network Inc. increased its position in Kohl's by 99.5% during the first quarter. Independent Wealth Network Inc. now owns 67,937 shares of the company's stock worth $556,000 after buying an additional 33,885 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.
Kohl's Trading Down 6.8%
Shares of KSS stock traded down $0.88 during trading hours on Tuesday, hitting $11.96. 5,824,678 shares of the company's stock traded hands, compared to its average volume of 11,791,869. The stock's 50 day simple moving average is $9.14 and its 200 day simple moving average is $9.50. The stock has a market cap of $1.34 billion, a PE ratio of 11.01 and a beta of 1.66. Kohl's Corporation has a 12 month low of $6.04 and a 12 month high of $22.53. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95.
Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating 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 firm 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 company's revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Kohl's Corporation will post 1.3 EPS for the current year.
Kohl's Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Wednesday, June 11th. Kohl's's payout ratio is 45.87%.
Analysts Set New Price Targets
Several research firms have commented on KSS. Robert W. Baird increased their target price on shares of Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their target price on shares of Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday. Barclays increased their target price on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Evercore ISI decreased their price target on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. Eight 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, the company presently has a consensus rating of "Hold" and an average target price of $9.89.
Check Out Our Latest Analysis on KSS
About Kohl's
(
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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