Crescent Grove Advisors LLC Boosts Stock Holdings in Kohl’s Co. (NYSE:KSS)

Crescent Grove Advisors LLC lifted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 54.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,200 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Kohl’s were worth $480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ensign Peak Advisors Inc lifted its position in shares of Kohl’s by 29.3% during the second quarter. Ensign Peak Advisors Inc now owns 60,404 shares of the company’s stock worth $1,389,000 after acquiring an additional 13,700 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Kohl’s by 35.6% during the 2nd quarter. Bank of Montreal Can now owns 37,799 shares of the company’s stock valued at $907,000 after purchasing an additional 9,929 shares during the period. AQR Capital Management LLC boosted its stake in Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after purchasing an additional 1,694,162 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Kohl’s by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 234,659 shares of the company’s stock valued at $5,395,000 after buying an additional 1,079 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its position in shares of Kohl’s by 1,422.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 239,028 shares of the company’s stock valued at $5,495,000 after buying an additional 223,328 shares during the period. 98.04% of the stock is owned by institutional investors.

Kohl’s Stock Down 0.9 %

Shares of KSS opened at $13.62 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of 6.14 and a beta of 1.87. Kohl’s Co. has a 1 year low of $12.62 and a 1 year high of $29.60. The stock has a 50 day simple moving average of $14.51 and a two-hundred day simple moving average of $17.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. On average, analysts forecast that Kohl’s Co. will post 1.31 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.68%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s dividend payout ratio is presently 90.09%.

Analysts Set New Price Targets

KSS has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Telsey Advisory Group dropped their price objective on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Finally, Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.22.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.86% of the company’s stock.

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.