Restructuring Capital Associates LP Purchases 36,000 Shares of Kohl’s Co. (KSS)

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Restructuring Capital Associates LP raised its position in shares of Kohl’s Co. (NYSE:KSS) by 48.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,000 shares of the company’s stock after purchasing an additional 36,000 shares during the quarter. Kohl’s accounts for about 5.2% of Restructuring Capital Associates LP’s investment portfolio, making the stock its 6th biggest holding. Restructuring Capital Associates LP owned 0.07% of Kohl’s worth $7,297,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KSS. Truehand Inc bought a new stake in shares of Kohl’s in the fourth quarter worth approximately $26,000. Loeb Partners Corp bought a new stake in shares of Kohl’s in the fourth quarter worth approximately $28,000. We Are One Seven LLC bought a new stake in shares of Kohl’s in the fourth quarter worth approximately $47,000. Capital Investment Advisory Services LLC bought a new stake in shares of Kohl’s in the fourth quarter worth approximately $51,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Kohl’s in the fourth quarter worth approximately $67,000.

NYSE:KSS traded down $0.69 during trading hours on Friday, hitting $67.78. 548,821 shares of the stock traded hands, compared to its average volume of 3,585,882. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.77 and a quick ratio of 0.50. Kohl’s Co. has a 1 year low of $57.89 and a 1 year high of $83.28. The company has a market capitalization of $11.33 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.62 and a beta of 0.77.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.06. Kohl’s had a net margin of 3.95% and a return on equity of 16.97%. The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Kohl’s Co. will post 6.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, March 19th. This represents a $2.68 annualized dividend and a yield of 3.95%. This is an increase from Kohl’s’s previous quarterly dividend of $0.61. Kohl’s’s payout ratio is currently 43.57%.

KSS has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $80.00 price target (down from $90.00) on shares of Kohl’s in a research note on Friday, January 11th. Piper Jaffray Companies set a $68.00 price target on shares of Kohl’s and gave the stock a “hold” rating in a research note on Wednesday, November 21st. Cowen reiterated a “buy” rating and issued a $82.00 price target on shares of Kohl’s in a research note on Wednesday, November 21st. Royal Bank of Canada cut their target price on shares of Kohl’s to $73.00 and set a “market perform” rating for the company in a research report on Wednesday, November 21st. Finally, Guggenheim restated a “buy” rating and set a $80.00 target price on shares of Kohl’s in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $75.58.

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Kohl’s Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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