Belpointe Asset Management LLC Decreases Stake in Kohl’s Co. (NYSE:KSS)

Belpointe Asset Management LLC decreased its holdings in Kohl’s Co. (NYSE:KSS) by 34.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,501 shares of the company’s stock after selling 6,512 shares during the period. Belpointe Asset Management LLC’s holdings in Kohl’s were worth $176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Kohl’s in the 4th quarter valued at $8,185,000. Dana Investment Advisors Inc. raised its position in Kohl’s by 56.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock valued at $3,554,000 after purchasing an additional 91,590 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Kohl’s by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after purchasing an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its stake in shares of Kohl’s by 66.7% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $1,474,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kohl’s by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after buying an additional 55,540 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Trading Up 5.5 %

Shares of NYSE KSS opened at $6.47 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average price is $9.36 and its two-hundred day moving average price is $13.69. Kohl’s Co. has a 52-week low of $6.04 and a 52-week high of $28.25. The stock has a market capitalization of $720.27 million, a P/E ratio of 2.91 and a beta of 1.65.

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

Kohl’s Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Bank of America reduced their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley lowered their price target on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. UBS Group cut their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Finally, Robert W. Baird lowered their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Six 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 a consensus rating of “Hold” and a consensus target price of $11.71.

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.