Algert Global LLC Makes New Investment in Kohl's Co. (NYSE:KSS)

Algert Global LLC purchased a new position in Kohl's Co. (NYSE:KSS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,188 shares of the company's stock, valued at approximately $694,000.

A number of other large investors also recently bought and sold shares of KSS. Treasurer of the State of North Carolina raised its holdings 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 valued at $1,406,000 after acquiring an additional 470 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $62,000 after acquiring an additional 523 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Kohl's by 2.0% during the second quarter. Arizona State Retirement System now owns 31,049 shares of the company's stock valued at $714,000 after acquiring an additional 623 shares during the last quarter. Summit Securities Group LLC raised its holdings in shares of Kohl's by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock valued at $55,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Kohl's by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company's stock valued at $44,000 after acquiring an additional 948 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on KSS shares. Evercore ISI reduced their target price on Kohl's from $22.00 to $20.00 and set an "in-line" rating for the company in a report on Thursday, August 29th. Telsey Advisory Group restated 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 lowered Kohl's from a "buy" rating to a "hold" rating and dropped their price target for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Robert W. Baird dropped their price target on Kohl's from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Finally, Morgan Stanley lowered Kohl's to an "underweight" rating and dropped their price target for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kohl's has an average rating of "Hold" and an average price target of $21.29.

Kohl's Trading Up 0.9 %

Kohl's stock traded up $0.17 during mid-day trading on Friday, hitting $19.62. The company's stock had a trading volume of 4,400,318 shares, compared to its average volume of 6,009,313. The firm has a market capitalization of $2.18 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. Kohl's Co. has a 1 year low of $17.68 and a 1 year high of $29.60. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock's fifty day moving average is $19.84 and its two-hundred day moving average is $22.44.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion during 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%. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, analysts anticipate that Kohl's Co. will post 1.8 EPS for the current year.

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date was Wednesday, September 11th. Kohl's's dividend payout ratio (DPR) is 80.65%.

Insiders Place Their Bets

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of the company's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by insiders.

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.