Kohl’s Co. (NYSE:KSS) Shares Purchased by WBI Investments LLC

WBI Investments LLC boosted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,680 shares of the company’s stock after buying an additional 8,815 shares during the quarter. WBI Investments LLC owned 0.13% of Kohl’s worth $2,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its position in Kohl’s by 25.6% during the third quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock valued at $872,000 after purchasing an additional 9,196 shares during the period. Annex Advisory Services LLC grew its position in shares of Kohl’s by 4.2% during the 4th quarter. Annex Advisory Services LLC now owns 209,226 shares of the company’s stock valued at $2,938,000 after acquiring an additional 8,437 shares during the period. Pure Financial Advisors LLC acquired a new stake in Kohl’s in the fourth quarter valued at approximately $145,000. Impact Partnership Wealth LLC raised its position 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 purchasing an additional 1,583 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its holdings in shares of Kohl’s by 54.1% during the fourth quarter. Crescent Grove Advisors LLC now owns 34,200 shares of the company’s stock valued at $480,000 after acquiring an additional 12,000 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $8.58 on Monday. Kohl’s Co. has a 12 month low of $6.04 and a 12 month high of $27.59. The stock has a market capitalization of $954.71 million, a price-to-earnings ratio of 3.86 and a beta of 1.61. The firm’s fifty day simple moving average is $7.50 and its 200-day simple moving average is $11.80. 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 (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was down 9.4% on a year-over-year basis. As a group, equities analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a yield of 5.83%. Kohl’s’s payout ratio is currently 51.02%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KSS shares. The Goldman Sachs Group upped their price objective on shares of Kohl’s from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Friday, May 2nd. Jefferies Financial Group cut their target price on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Barclays assumed coverage on shares of Kohl’s in a research report on Monday, April 28th. They set an “underweight” rating and a $4.00 price target on the stock. Citigroup reduced their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Kohl’s presently has an average rating of “Hold” and an average price target of $9.54.

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.