Hexagon Capital Partners LLC Increases Stock Position in Kohl’s Co. (NYSE:KSS)

Hexagon Capital Partners LLC boosted its stake in Kohl’s Co. (NYSE:KSS) by 82.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,567 shares of the company’s stock after purchasing an additional 1,162 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Kohl’s were worth $75,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of Kohl’s by 59.7% in the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after buying an additional 428 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Kohl’s in the 4th quarter worth about $46,000. Versant Capital Management Inc increased its holdings in shares of Kohl’s by 392.4% in the 4th quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock worth $49,000 after buying an additional 1,350 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Kohl’s in the 1st quarter worth about $54,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Kohl’s in the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on KSS. Morgan Stanley upped their price target on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Citigroup cut their price target on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. cut their price target on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Finally, Robert W. Baird cut their price target on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.44.

Kohl’s Trading Down 4.8 %

Kohl’s stock traded down $1.10 during trading hours on Monday, hitting $21.89. The company had a trading volume of 6,309,287 shares, compared to its average volume of 5,714,731. The company has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $25.71. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.65. The firm has a market cap of $2.43 billion, a P/E ratio of 8.83, a P/E/G ratio of 2.08 and a beta of 1.95. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.19 and a current ratio of 1.21.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the company posted $0.13 EPS. Kohl’s’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that Kohl’s Co. will post 1.38 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 9.14%. Kohl’s’s 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.