International Assets Investment Management LLC Makes New Investment in Kohl's Co. (NYSE:KSS)

International Assets Investment Management LLC bought a new position in shares of Kohl's Co. (NYSE:KSS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 262,000 shares of the company's stock, valued at approximately $7,637,000. International Assets Investment Management LLC owned approximately 0.24% of Kohl's at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC grew its position in shares of Kohl's by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company's stock worth $33,000 after purchasing an additional 428 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Kohl's by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company's stock worth $1,406,000 after purchasing an additional 470 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Kohl's by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company's stock worth $62,000 after purchasing an additional 523 shares in the last quarter. Signaturefd LLC grew its position in shares of Kohl's by 20.3% during the fourth quarter. Signaturefd LLC now owns 3,278 shares of the company's stock worth $94,000 after purchasing an additional 553 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Kohl's by 14.3% during the fourth quarter. Parallel Advisors LLC now owns 4,581 shares of the company's stock worth $131,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Trading Up 2.7 %

Shares of Kohl's stock traded up $0.60 on Friday, reaching $22.87. The company had a trading volume of 12,350,720 shares, compared to its average volume of 6,817,654. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 1.99 and a beta of 1.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19. The firm's 50-day moving average price is $23.94 and its two-hundred day moving average price is $25.83. Kohl's Co. has a 1 year low of $17.68 and a 1 year high of $29.65.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.28). The company had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.41 billion. Kohl's had a return on equity of 7.27% and a net margin of 1.60%. Kohl's's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. As a group, research analysts predict that Kohl's Co. will post 1.4 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 8.75%. The ex-dividend date is Wednesday, June 12th. Kohl's's dividend payout ratio is currently 80.65%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI cut their target price on Kohl's from $24.00 to $22.00 and set an "in-line" rating for the company in a research report on Friday, May 31st. TD Cowen cut their price target on Kohl's from $31.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 31st. Telsey Advisory Group restated a "market perform" rating and set a $28.00 price target on shares of Kohl's in a report on Thursday, May 30th. Robert W. Baird cut their price target on Kohl's from $32.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. cut their price target on Kohl's from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.