Easterly Investment Partners LLC Buys New Shares in Kohl’s Co. (NYSE:KSS)

Easterly Investment Partners LLC purchased a new stake in shares of Kohl’s Co. (NYSE:KSS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,133 shares of the company’s stock, valued at approximately $348,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after purchasing an additional 1,775,024 shares during the period. Norges Bank bought a new stake in Kohl’s in the fourth quarter worth $34,583,000. Vision One Management Partners LP bought a new position in Kohl’s during the fourth quarter valued at $28,413,000. SG Americas Securities LLC lifted its position in Kohl’s by 518.9% in the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after buying an additional 716,919 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Kohl’s by 254.9% during the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after buying an additional 570,745 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KSS shares. Evercore ISI lowered their target price on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 31st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut their target price on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Finally, Robert W. Baird cut their price objective on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.89.

Kohl’s Stock Performance

KSS stock traded down $0.47 during midday trading on Monday, reaching $19.27. The stock had a trading volume of 2,123,270 shares, compared to its average volume of 5,602,830. The firm has a fifty day simple moving average of $21.22 and a two-hundred day simple moving average of $23.99. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.60. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.19 and a current ratio of 1.21. The stock has a market cap of $2.14 billion, a PE ratio of 7.96, a P/E/G ratio of 1.90 and a beta of 1.95.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Kohl’s Co. will post 1.38 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.38%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

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.