Bessemer Group Inc. boosted its stake in Kohl’s Corporation (NYSE:KSS – Free Report) by 56.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 209,841 shares of the company’s stock after buying an additional 75,700 shares during the quarter. Bessemer Group Inc.’s holdings in Kohl’s were worth $2,706,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new stake in Kohl’s in the 1st quarter worth about $96,000. Caxton Associates LLP acquired a new position in shares of Kohl’s during the first quarter valued at approximately $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kohl’s by 14.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock valued at $4,006,000 after acquiring an additional 60,769 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Kohl’s in the second quarter valued at approximately $120,000. Finally, Cetera Investment Advisers boosted its stake in shares of Kohl’s by 21.6% in the second quarter. Cetera Investment Advisers now owns 33,708 shares of the company’s stock worth $286,000 after acquiring an additional 5,997 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.
Kohl’s Price Performance
KSS stock opened at $18.12 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 0.31. The business has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $16.06. The firm has a market capitalization of $2.05 billion, a PE ratio of 7.68 and a beta of 1.40. Kohl’s Corporation has a 1 year low of $10.33 and a 1 year high of $25.22.
Kohl’s Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. Kohl’s’s payout ratio is 21.19%.
Analyst Upgrades and Downgrades
Several analysts recently commented on KSS shares. UBS Group boosted their price target on Kohl’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Friday, May 29th. Weiss Ratings lowered Kohl’s from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Gordon Haskett cut shares of Kohl’s from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research note on Friday, May 15th. Bank of America dropped their target price on shares of Kohl’s from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $15.31.
View Our Latest Analysis on KSS
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 dĂ©cor.
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