RIA Advisory Group LLC Invests $601,000 in Kohl’s Co. (NYSE:KSS)

RIA Advisory Group LLC purchased a new position in shares of Kohl’s Co. (NYSE:KSS) in the fourth quarter, HoldingsChannel reports. The firm purchased 20,961 shares of the company’s stock, valued at approximately $601,000.

Other hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Kohl’s by 73.7% during the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after purchasing an additional 551,340 shares during the period. Brandywine Global Investment Management LLC purchased a new position in Kohl’s during the 3rd quarter valued at about $6,741,000. Hsbc Holdings PLC boosted its holdings in Kohl’s by 253.9% during the 3rd quarter. Hsbc Holdings PLC now owns 223,932 shares of the company’s stock valued at $4,724,000 after acquiring an additional 160,650 shares during the period. State of Alaska Department of Revenue boosted its holdings in Kohl’s by 412.3% during the 4th quarter. State of Alaska Department of Revenue now owns 68,096 shares of the company’s stock valued at $1,952,000 after acquiring an additional 54,803 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in Kohl’s by 137.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 515,653 shares of the company’s stock valued at $10,808,000 after acquiring an additional 298,693 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

NYSE KSS traded up $0.34 on Friday, reaching $23.19. The stock had a trading volume of 5,010,987 shares, compared to its average volume of 5,402,767. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.20 and a current ratio of 1.31. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The business’s 50-day moving average price is $26.40 and its 200 day moving average price is $25.13. The stock has a market cap of $2.57 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.98.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the business earned ($2.49) earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

Analysts Set New Price Targets

KSS has been the subject of a number of research analyst reports. Citigroup lowered their target price on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price objective on Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. TD Cowen lifted their price objective on Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Finally, Telsey Advisory Group lifted their price objective on Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average target price of $24.20.

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.