Kohl’s Co. (NYSE:KSS) Position Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in Kohl’s Co. (NYSE:KSS) by 84.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,024 shares of the company’s stock after purchasing an additional 40,641 shares during the quarter. Edgestream Partners L.P. owned 0.08% of Kohl’s worth $2,047,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have commented on KSS. Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. StockNews.com lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Robert W. Baird decreased their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.67.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $18.61 on Friday. The business has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $22.98. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.60. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 1.32 and a beta of 1.93.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, sell-side analysts predict that Kohl’s Co. will post 1.81 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio is presently 80.65%.

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.