SBI Securities Co. Ltd. Takes Position in Kohl’s Co. (NYSE:KSS)

SBI Securities Co. Ltd. purchased a new stake in Kohl’s Co. (NYSE:KSS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,859 shares of the company’s stock, valued at approximately $26,000.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. FMR LLC lifted its position in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares in the last quarter. Empowered Funds LLC lifted its position 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 worth $8,261,000 after buying an additional 381,366 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Kohl’s by 180.3% during the 3rd quarter. Quantbot Technologies LP now owns 334,150 shares of the company’s stock worth $7,051,000 after buying an additional 214,956 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new stake in shares of Kohl’s in the 3rd quarter worth approximately $4,290,000. 98.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley cut their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research report on Tuesday, November 26th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, TD Cowen lowered their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.56.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The shares were 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 in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Kohl’s Price Performance

Shares of KSS opened at $8.22 on Friday. The stock has a market cap of $915.26 million, a PE ratio of 3.70 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s Co. has a fifty-two week low of $8.14 and a fifty-two week high of $29.60. The firm’s 50-day simple moving average is $12.35 and its two-hundred day simple moving average is $15.89.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. Analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.08%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio is currently 90.09%.

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.