Entropy Technologies LP Buys 54,103 Shares of Kohl's Co. (NYSE:KSS)

Entropy Technologies LP lifted its holdings in shares of Kohl's Co. (NYSE:KSS - Free Report) by 511.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,691 shares of the company's stock after acquiring an additional 54,103 shares during the quarter. Entropy Technologies LP owned approximately 0.06% of Kohl's worth $1,365,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KSS. Allspring Global Investments Holdings LLC raised its position in shares of Kohl's by 495.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company's stock valued at $144,000 after purchasing an additional 4,107 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Kohl's by 6.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 153,821 shares of the company's stock worth $4,484,000 after acquiring an additional 9,908 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Kohl's in the first quarter valued at approximately $707,000. Blair William & Co. IL increased its stake in shares of Kohl's by 32.0% during the first quarter. Blair William & Co. IL now owns 33,753 shares of the company's stock worth $984,000 after purchasing an additional 8,187 shares during the period. Finally, PARK CIRCLE Co bought a new stake in Kohl's in the 1st quarter valued at $1,108,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl's Price Performance

Shares of KSS stock traded up $0.53 during trading hours on Thursday, reaching $18.62. The company's stock had a trading volume of 4,764,671 shares, compared to its average volume of 6,006,635. Kohl's Co. has a fifty-two week low of $17.41 and a fifty-two week high of $29.60. The firm's 50 day simple moving average is $19.30 and its 200-day simple moving average is $21.23. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.26 and a beta of 1.94.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. Kohl's's revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Kohl's Co. will post 1.81 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl's's payout ratio is 78.43%.

Insider Buying and Selling at Kohl's

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares of the company's stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley downgraded Kohl's to an "underweight" rating and dropped their target price for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Robert W. Baird cut their price objective on shares of Kohl's from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price target on shares of Kohl's in a research report on Wednesday, August 28th. TD Cowen downgraded Kohl's from a "buy" rating to a "hold" rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. lowered Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.29.

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.