PARK CIRCLE Co Reduces Position in Kohl’s Co. (NYSE:KSS)

PARK CIRCLE Co trimmed its holdings in Kohl’s Co. (NYSE:KSS) by 42.9% during the fourth quarter, HoldingsChannel reports. The firm owned 75,000 shares of the company’s stock after selling 56,360 shares during the period. PARK CIRCLE Co’s holdings in Kohl’s were worth $1,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in Kohl’s during the fourth quarter worth about $26,000. Bogart Wealth LLC purchased a new stake in shares of Kohl’s during the 4th quarter valued at approximately $35,000. Quarry LP lifted its holdings in Kohl’s by 687.4% in the third quarter. Quarry LP now owns 4,858 shares of the company’s stock valued at $103,000 after acquiring an additional 4,241 shares during the last quarter. KBC Group NV grew its position in Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after acquiring an additional 1,974 shares during the period. Finally, Platinum Investment Management Ltd. increased its stake in Kohl’s by 30.7% during the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after acquiring an additional 1,436 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Trading Up 7.6 %

NYSE KSS opened at $7.15 on Friday. The firm’s fifty day moving average price is $10.75 and its 200 day moving average price is $14.60. Kohl’s Co. has a 12 month low of $6.04 and a 12 month high of $28.25. 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 has a market capitalization of $795.41 million, a price-to-earnings ratio of 3.22 and a beta of 1.65.

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

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date was Friday, March 21st. Kohl’s’s dividend payout ratio is currently 51.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price target on shares of Kohl’s in a research note on Tuesday, April 1st. Bank of America cut their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Morgan Stanley dropped their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. UBS Group cut their price target on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.87.

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.