Two Sigma Investments LP Has $31.67 Million Stake in Kohl’s Co. (NYSE:KSS)

Two Sigma Investments LP raised its stake in shares of Kohl’s Co. (NYSE:KSS) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,255,480 shares of the company’s stock after buying an additional 87,235 shares during the quarter. Two Sigma Investments LP’s holdings in Kohl’s were worth $31,667,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl’s in the 4th quarter valued at approximately $26,000. State of Wyoming acquired a new position in Kohl’s during the fourth quarter valued at approximately $35,000. Bogart Wealth LLC bought a new stake in Kohl’s in the fourth quarter valued at approximately $35,000. KBC Group NV raised its holdings in Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after purchasing an additional 1,974 shares during the period. Finally, Platinum Investment Management Ltd. raised its holdings in Kohl’s by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after purchasing an additional 1,436 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Down 2.0%

Shares of Kohl’s stock opened at $8.27 on Wednesday. The firm has a market cap of $920.65 million, a PE ratio of 3.73 and a beta of 1.61. The business’s 50 day simple moving average is $7.50 and its 200 day simple moving average is $11.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s Co. has a 52-week low of $6.04 and a 52-week high of $27.59.

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

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 6.05%. Kohl’s’s payout ratio is currently 51.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KSS. Evercore ISI decreased their price target on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Citigroup decreased their target price on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Bank of America lowered their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. The Goldman Sachs Group lifted their price objective on Kohl’s from $4.00 to $4.50 and gave the company a “sell” rating in a report on Friday, May 2nd. Finally, Morgan Stanley lowered 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. Seven equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.61.

About Kohl’s

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.