Y Intercept Hong Kong Ltd acquired a new position in shares of Kohl’s Corporation (NYSE:KSS – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,615 shares of the company’s stock, valued at approximately $434,000.
Other large investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Kohl’s in the fourth quarter valued at about $49,796,000. JPMorgan Chase & Co. increased its stake in Kohl’s by 3,123.1% during the third quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock valued at $30,912,000 after acquiring an additional 1,948,783 shares during the period. Wells Fargo & Company MN increased its stake in Kohl’s by 118.0% during the fourth quarter. Wells Fargo & Company MN now owns 211,640 shares of the company’s stock valued at $4,320,000 after acquiring an additional 1,388,707 shares during the period. Renaissance Technologies LLC bought a new position in Kohl’s during the fourth quarter valued at about $26,343,000. Finally, Hancock Whitney Corp acquired a new position in Kohl’s in the 3rd quarter valued at approximately $17,125,000. Institutional investors and hedge funds own 98.04% of the company’s stock.
Kohl’s Stock Performance
NYSE:KSS opened at $16.42 on Wednesday. The firm has a market capitalization of $1.86 billion, a PE ratio of 6.96 and a beta of 1.40. The company has a quick ratio of 0.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. Kohl’s Corporation has a 12-month low of $9.19 and a 12-month high of $25.22. The firm has a 50-day moving average price of $15.63 and a 200 day moving average price of $16.18.
Kohl’s Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. Kohl’s’s payout ratio is currently 21.19%.
Analyst Ratings Changes
A number of analysts have commented on the company. Zacks Research downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Morgan Stanley restated an “underweight” rating and set a $15.00 price objective on shares of Kohl’s in a research report on Monday, July 6th. UBS Group upped their target price on Kohl’s from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 target price on shares of Kohl’s in a research report on Tuesday, March 17th. Finally, Weiss Ratings cut Kohl’s from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $15.31.
Get Our Latest Stock Analysis on Kohl’s
Kohl’s Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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