Hussman Strategic Advisors Inc. cut its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,000 shares of the company's stock after selling 35,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Kohl's were worth $1,205,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of KSS. Headlands Technologies LLC purchased a new position in shares of Kohl's in the third quarter valued at $25,000. CWM LLC grew its holdings in shares of Kohl's by 59.7% in the fourth quarter. CWM LLC now owns 1,145 shares of the company's stock valued at $33,000 after purchasing an additional 428 shares in the last quarter. Huntington National Bank grew its holdings in shares of Kohl's by 56.1% in the third quarter. Huntington National Bank now owns 2,081 shares of the company's stock valued at $44,000 after purchasing an additional 748 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Kohl's by 5,021.7% in the third quarter. AdvisorNet Financial Inc now owns 2,356 shares of the company's stock valued at $49,000 after purchasing an additional 2,310 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Kohl's by 392.4% during the fourth quarter. Versant Capital Management Inc now owns 1,694 shares of the company's stock worth $49,000 after buying an additional 1,350 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.
Kohl's Trading Up 6.5 %
Shares of NYSE:KSS traded up $1.51 on Monday, hitting $24.70. 9,143,336 shares of the company's stock were exchanged, compared to its average volume of 5,451,347. Kohl's Co. has a 12 month low of $17.68 and a 12 month high of $29.65. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. The business's 50 day simple moving average is $26.26 and its two-hundred day simple moving average is $25.27. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20.
Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.39. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.80 billion. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted ($2.49) earnings per share. Analysts anticipate that Kohl's Co. will post 2.24 EPS for the current fiscal year.
Kohl's Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 8.10%. Kohl's's payout ratio is currently 70.18%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. TD Cowen lifted their price objective on shares of Kohl's from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th. Citigroup dropped their price objective on shares of Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Morgan Stanley lifted their price objective on shares of Kohl's from $18.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, March 21st. Finally, Telsey Advisory Group lifted their price objective on shares of Kohl's from $25.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $24.20.
Read Our Latest Report on KSS
Kohl's 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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