Invenomic Capital Management LP Has $4.54 Million Stake in Kohl’s Co. (NYSE:KSS)

Invenomic Capital Management LP trimmed its stake in shares of Kohl’s Co. (NYSE:KSS) by 62.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,705 shares of the company’s stock after selling 261,044 shares during the period. Invenomic Capital Management LP’s holdings in Kohl’s were worth $4,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KSS. CWM LLC raised its holdings in shares of Kohl’s by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after acquiring an additional 428 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Kohl’s by 133.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock worth $40,000 after acquiring an additional 802 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Kohl’s during the fourth quarter worth $46,000. Register Financial Advisors LLC acquired a new stake in shares of Kohl’s during the first quarter worth $54,000. Finally, Quadrant Capital Group LLC increased its stake in Kohl’s by 197.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,756 shares of the company’s stock valued at $79,000 after buying an additional 1,829 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KSS. Evercore ISI lowered their price target on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a research note on Friday, May 31st. JPMorgan Chase & Co. lowered their price target on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. TD Cowen lowered their price target on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. StockNews.com lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price target on shares of Kohl’s in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average target price of $22.44.

Kohl’s Stock Performance

Shares of Kohl’s stock remained flat at $21.10 during trading on Tuesday. 5,368,628 shares of the stock traded hands, compared to its average volume of 5,632,937. The firm has a market cap of $2.35 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.86 and a beta of 1.95. The stock has a fifty day moving average of $22.71 and a two-hundred day moving average of $24.82. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.65. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19.

Kohl’s (NYSE:KSS) last released its quarterly earnings data 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). The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.41 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Equities research analysts forecast that Kohl’s Co. will post 1.38 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 9.48%. The ex-dividend date was Wednesday, June 12th. Kohl’s’s payout ratio is 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.