Kohl’s Co. (NYSE:KSS) Shares Bought by Summit Securities Group LLC

Summit Securities Group LLC increased its holdings in Kohl’s Co. (NYSE:KSS) by 694.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,300 shares of the company’s stock after acquiring an additional 12,500 shares during the quarter. Summit Securities Group LLC’s holdings in Kohl’s were worth $201,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in Kohl’s during the 4th quarter worth approximately $26,000. Bogart Wealth LLC bought a new stake in shares of Kohl’s in the fourth quarter worth $35,000. Quest Partners LLC acquired a new stake in Kohl’s in the third quarter valued at $60,000. Quarry LP raised its holdings in Kohl’s by 687.4% in the third quarter. Quarry LP now owns 4,858 shares of the company’s stock valued at $103,000 after acquiring an additional 4,241 shares in the last quarter. Finally, KBC Group NV boosted its stake in Kohl’s by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after acquiring an additional 1,974 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group cut their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research note on Tuesday, March 4th. Robert W. Baird reduced their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, UBS Group reduced their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Kohl’s has an average rating of “Hold” and a consensus target price of $12.10.

Kohl’s Trading Down 2.1 %

Shares of NYSE:KSS opened at $8.43 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $11.31 and its 200 day moving average price is $15.00. The company has a market cap of $937.90 million, a PE ratio of 3.80 and a beta of 1.92. Kohl’s Co. has a fifty-two week low of $7.96 and a fifty-two week high of $29.60.

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

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio is presently 51.02%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

Kohl’s 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.