Summit X LLC Raises Position in Kohl’s Co. (NYSE:KSS)

Summit X LLC increased its holdings in Kohl’s Co. (NYSE:KSS) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,189 shares of the company’s stock after acquiring an additional 1,835 shares during the quarter. Summit X LLC’s holdings in Kohl’s were worth $396,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after acquiring an additional 9,925,878 shares during the period. FMR LLC increased its position in shares of Kohl’s by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after acquiring an additional 740,398 shares during the period. Empowered Funds LLC increased its position in shares of Kohl’s by 3,751.8% in the third quarter. Empowered Funds LLC now owns 391,531 shares of the company’s stock valued at $8,261,000 after acquiring an additional 381,366 shares during the period. Quantbot Technologies LP increased its position in shares of Kohl’s by 180.3% in the third quarter. Quantbot Technologies LP now owns 334,150 shares of the company’s stock valued at $7,051,000 after acquiring an additional 214,956 shares during the period. Finally, Cinctive Capital Management LP purchased a new position in shares of Kohl’s in the third quarter valued at about $4,290,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 6.5 %

NYSE:KSS opened at $8.56 on Thursday. Kohl’s Co. has a one year low of $8.28 and a one year 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 company’s 50-day simple moving average is $12.47 and its 200 day simple moving average is $15.95. The firm has a market capitalization of $952.33 million, a P/E ratio of 3.85 and a beta of 1.92.

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

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.125 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.84%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday. Citigroup decreased their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley cut their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday. TD Cowen cut their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, Kohl’s has a consensus rating of “Hold” and a consensus price target of $12.56.

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.