10,383 Shares in Kohl’s Corporation (NYSE:KSS) Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new position in shares of Kohl’s Corporation (NYSE:KSS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,383 shares of the company’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Kohl’s by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after buying an additional 1,386 shares during the last quarter. State of Wyoming purchased a new position in shares of Kohl’s during the fourth quarter worth about $35,000. Cheviot Value Management LLC purchased a new position in shares of Kohl’s during the first quarter worth about $36,000. Versant Capital Management Inc grew its holdings in shares of Kohl’s by 3,022.6% during the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock worth $50,000 after buying an additional 5,894 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Kohl’s by 360.2% during the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock worth $53,000 after buying an additional 5,053 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

KSS stock opened at $12.82 on Wednesday. The firm has a 50 day moving average of $9.92 and a 200-day moving average of $9.40. Kohl’s Corporation has a 12-month low of $6.04 and a 12-month high of $21.39. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 11.76 and a beta of 1.73.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the firm earned ($0.24) EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts expect that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.9%. Kohl’s’s dividend payout ratio is currently 45.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kohl’s from $8.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, July 28th. Evercore ISI reduced their price objective on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Barclays raised their price objective on shares of Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Friday, May 30th. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price objective on shares of Kohl’s in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Kohl’s in a research report on Thursday, May 29th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.89.

Kohl’s 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.