Quantbot Technologies LP Purchases 214,956 Shares of Kohl’s Co. (NYSE:KSS)

Quantbot Technologies LP increased its position in shares of Kohl’s Co. (NYSE:KSS) by 180.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,150 shares of the company’s stock after purchasing an additional 214,956 shares during the period. Quantbot Technologies LP owned 0.30% of Kohl’s worth $7,051,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KSS. Acadian Asset Management LLC lifted its position in shares of Kohl’s by 626.4% in the first quarter. Acadian Asset Management LLC now owns 5,063 shares of the company’s stock valued at $147,000 after acquiring an additional 4,366 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Kohl’s by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 148,046 shares of the company’s stock worth $4,319,000 after purchasing an additional 4,173 shares in the last quarter. Tidal Investments LLC lifted its holdings in Kohl’s by 23.0% in the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock worth $465,000 after purchasing an additional 2,982 shares in the last quarter. Hancock Whitney Corp purchased a new stake in Kohl’s during the 1st quarter valued at approximately $1,708,000. Finally, EMC Capital Management raised its position in shares of Kohl’s by 231.8% during the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock valued at $230,000 after buying an additional 5,513 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KSS. Morgan Stanley dropped their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Citigroup cut their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Evercore ISI decreased their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.14.

Kohl’s Trading Up 7.7 %

Kohl’s stock opened at $18.34 on Tuesday. The stock has a 50-day moving average price of $18.93 and a 200 day moving average price of $20.83. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. Kohl’s Co. has a 52 week low of $16.12 and a 52 week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. Sell-side analysts anticipate that Kohl’s Co. will post 1.77 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is 78.43%.

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.