Quest Partners LLC Acquires New Shares in Kohl’s Co. (NYSE:KSS)

Quest Partners LLC acquired a new position in Kohl’s Co. (NYSE:KSS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,834 shares of the company’s stock, valued at approximately $60,000.

A number of other hedge funds have also bought and sold shares of the business. Empowered Funds LLC boosted its holdings in shares of Kohl’s by 3,751.8% during the 3rd quarter. Empowered Funds LLC now owns 391,531 shares of the company’s stock valued at $8,261,000 after acquiring an additional 381,366 shares during the last quarter. Plato Investment Management Ltd bought a new position in Kohl’s during the third quarter valued at approximately $145,000. Victory Capital Management Inc. boosted its holdings in Kohl’s by 226.4% in the third quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock worth $2,902,000 after purchasing an additional 95,398 shares during the last quarter. Entropy Technologies LP boosted its holdings in Kohl’s by 511.0% in the third quarter. Entropy Technologies LP now owns 64,691 shares of the company’s stock worth $1,365,000 after purchasing an additional 54,103 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in Kohl’s by 46.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company’s stock worth $2,106,000 after purchasing an additional 31,577 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 1.5 %

Shares of NYSE:KSS opened at $14.97 on Friday. The stock has a 50 day moving average of $18.63 and a 200 day moving average of $20.57. The company has a market cap of $1.67 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94. Kohl’s Co. has a 12-month low of $14.22 and a 12-month high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.16 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, equities research analysts expect that Kohl’s Co. will post 1.35 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.36%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a report on Thursday, August 29th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.00 in a report on Wednesday. Guggenheim cut their price target on Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup reduced their price target 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. Finally, TD Cowen dropped their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.22.

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.