Choreo LLC Acquires Shares of 19,340 Kohl’s Co. (NYSE:KSS)

Choreo LLC bought a new stake in shares of Kohl’s Co. (NYSE:KSS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,340 shares of the company’s stock, valued at approximately $424,000.

Several other hedge funds also recently modified their holdings of KSS. Security National Bank purchased a new position in shares of Kohl’s during the second quarter valued at approximately $34,000. CWM LLC boosted its position in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Kohl’s during the first quarter worth $54,000. Summit Securities Group LLC lifted its holdings in Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after acquiring an additional 800 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Kohl’s by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after acquiring an additional 523 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Evercore ISI dropped their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Robert W. Baird dropped their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Morgan Stanley lowered Kohl’s to an “underweight” rating and dropped their price target for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.67.

Kohl’s Stock Performance

Shares of KSS opened at $18.90 on Tuesday. The firm has a market cap of $2.10 billion, a PE ratio of 7.62, a PEG ratio of 1.32 and a beta of 1.93. The stock’s fifty day moving average price is $20.37 and its two-hundred day moving average price is $23.11. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts forecast that Kohl’s Co. will post 1.81 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 10.58%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 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.