Raymond James & Associates Acquires Shares of 17,480 Kohl’s Co. (NYSE:KSS)

Raymond James & Associates bought a new position in Kohl’s Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,480 shares of the company’s stock, valued at approximately $501,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in Kohl’s in the 3rd quarter valued at about $25,000. Huntington National Bank grew its stake in Kohl’s by 56.1% during the 3rd quarter. Huntington National Bank now owns 2,081 shares of the company’s stock valued at $44,000 after purchasing an additional 748 shares in the last quarter. Versant Capital Management Inc increased its holdings in Kohl’s by 392.4% during the 4th quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock worth $49,000 after purchasing an additional 1,350 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Kohl’s in the 4th quarter valued at approximately $68,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Kohl’s during the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KSS. Telsey Advisory Group upped their target price on shares of Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. TD Cowen boosted their target price on shares of Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. raised their price target on shares of Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Citigroup dropped their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, StockNews.com raised Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus price target of $24.20.

Kohl’s Stock Performance

KSS opened at $24.53 on Friday. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.65. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. The stock has a market cap of $2.72 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.98. The business’s 50 day moving average is $26.05 and its 200-day moving average is $25.35.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.80 billion. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company earned ($2.49) earnings per share. On average, analysts predict 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio is currently 70.18%.

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.