Semanteon Capital Management LP Makes New Investment in Kohl’s Co. (NYSE:KSS)

Semanteon Capital Management LP purchased a new position in shares of Kohl’s Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,772 shares of the company’s stock, valued at approximately $1,227,000. Kohl’s makes up 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 21st largest holding.

Several other hedge funds also recently bought and sold shares of KSS. CWM LLC grew its position 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 during the period. Headlands Technologies LLC purchased a new stake in shares of Kohl’s in the third quarter valued at $25,000. GAMMA Investing LLC purchased a new stake in shares of Kohl’s in the fourth quarter valued at $46,000. Versant Capital Management Inc grew its position in shares of Kohl’s by 392.4% in the fourth quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock valued at $49,000 after purchasing an additional 1,350 shares during the period. Finally, Huntington National Bank grew its position 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 during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 2.5 %

Shares of KSS traded down $0.61 during midday trading on Thursday, reaching $24.28. 5,168,422 shares of the company were exchanged, compared to its average volume of 5,487,083. The stock has a 50-day moving average price of $26.11 and a 200-day moving average price of $25.30. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 1.41 and a beta of 1.98. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. The company had revenue of $5.71 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted ($2.49) earnings per share. Research analysts expect that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s dividend payout ratio is presently 70.18%.

Analyst Ratings Changes

A number of research analysts recently weighed in on KSS shares. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Morgan Stanley lifted their target price on Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their target price on Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Citigroup reduced their target price on Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Finally, TD Cowen lifted their target price on Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Two research 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. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $24.20.

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.