Kohl’s Co. (NYSE:KSS) Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its stake in Kohl’s Co. (NYSE:KSS) by 275.3% during the fourth quarter, Holdings Channel reports. The firm owned 10,637 shares of the company’s stock after purchasing an additional 7,803 shares during the period. AlphaQuest LLC’s holdings in Kohl’s were worth $149,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Kohl’s in the 4th quarter valued at $26,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Kohl’s in the 4th quarter valued at $35,000. Quest Partners LLC acquired a new position in shares of Kohl’s in the 3rd quarter valued at $60,000. Finally, KBC Group NV boosted its holdings in shares of Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after purchasing an additional 1,974 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Ratings Changes

KSS has been the topic of several recent research reports. UBS Group reduced their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Morgan Stanley reduced their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. The Goldman Sachs Group reduced their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Bank of America reduced their target price on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Finally, TD Cowen reduced their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.10.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $8.56 on Tuesday. Kohl’s Co. has a 12 month low of $7.96 and a 12 month high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a market capitalization of $952.33 million, a P/E ratio of 3.85 and a beta of 1.92. The company’s fifty day moving average price is $12.12 and its two-hundred day moving average price is $15.68.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s payout ratio is currently 51.02%.

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.