Invenomic Capital Management LP Increases Holdings in Kohl’s Co. (NYSE:KSS)

Invenomic Capital Management LP increased its stake in Kohl’s Co. (NYSE:KSS) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,038,760 shares of the company’s stock after buying an additional 4,848 shares during the quarter. Invenomic Capital Management LP owned 0.93% of Kohl’s worth $14,584,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in shares of Kohl’s by 25.6% in the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock worth $872,000 after purchasing an additional 9,196 shares during the period. FNY Investment Advisers LLC purchased a new stake in Kohl’s in the fourth quarter worth $101,000. Annex Advisory Services LLC raised its stake in shares of Kohl’s by 4.2% in the fourth quarter. Annex Advisory Services LLC now owns 209,226 shares of the company’s stock valued at $2,938,000 after buying an additional 8,437 shares during the period. Pure Financial Advisors LLC purchased a new position in shares of Kohl’s during the 4th quarter valued at $145,000. Finally, Impact Partnership Wealth LLC grew its stake in shares of Kohl’s by 12.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock worth $206,000 after acquiring an additional 1,583 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

KSS stock opened at $6.71 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The firm has a market capitalization of $746.98 million, a price-to-earnings ratio of 3.02 and a beta of 1.61. The firm has a 50 day moving average price of $7.81 and a 200-day moving average price of $12.22. Kohl’s Co. has a 52-week low of $6.04 and a 52-week high of $28.25.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Equities research analysts forecast that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.45%. Kohl’s’s payout ratio is currently 51.02%.

Analysts Set New Price Targets

KSS has been the topic of a number of research reports. Robert W. Baird lowered their price objective on Kohl’s from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Evercore ISI dropped their target price on Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Barclays began coverage on Kohl’s in a research report on Monday, April 28th. They issued an “underweight” rating and a $4.00 price target for the company. Morgan Stanley cut their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Finally, Telsey Advisory Group decreased their price target on shares of Kohl’s from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, May 2nd. Seven research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.54.

Kohl’s 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.