Kohl’s Co. (NYSE:KSS) Position Increased by Seven Eight Capital LP

Seven Eight Capital LP raised its position in shares of Kohl’s Co. (NYSE:KSS) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,113 shares of the company’s stock after buying an additional 51,074 shares during the period. Kohl’s comprises about 0.9% of Seven Eight Capital LP’s holdings, making the stock its 3rd largest holding. Seven Eight Capital LP owned about 0.24% of Kohl’s worth $7,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC increased its stake in Kohl’s by 254.9% during the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after buying an additional 570,745 shares during the period. Norges Bank acquired a new stake in Kohl’s in the fourth quarter valued at $34,583,000. Allianz Asset Management GmbH lifted its holdings in Kohl’s by 6.4% during the 4th quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock worth $95,813,000 after buying an additional 199,618 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Kohl’s during the 3rd quarter worth about $6,741,000. Finally, Illinois Municipal Retirement Fund purchased a new position in Kohl’s in the fourth quarter valued at approximately $1,950,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

Shares of NYSE KSS traded up $0.36 during mid-day trading on Friday, hitting $22.82. 5,049,037 shares of the company were exchanged, compared to its average volume of 7,145,489. The stock has a 50 day simple moving average of $24.59 and a 200-day simple moving average of $25.91. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 2.04 and a beta of 1.90.

Kohl’s (NYSE:KSS) last released its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.41 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, sell-side analysts forecast that Kohl’s Co. will post 1.4 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date is Wednesday, June 12th. Kohl’s’s dividend payout ratio (DPR) is 80.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. JPMorgan Chase & Co. decreased their target price on Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Citigroup cut their price target on Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. StockNews.com downgraded Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, TD Cowen cut their target price on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.44.

Kohl’s Company 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.