Two Sigma Securities LLC Raises Stake in Kohl’s Co. (NYSE:KSS)

Two Sigma Securities LLC boosted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 529.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,521 shares of the company’s stock after acquiring an additional 16,421 shares during the period. Two Sigma Securities LLC’s holdings in Kohl’s were worth $274,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Kohl’s during the 4th quarter valued at about $19,874,000. ExodusPoint Capital Management LP bought a new stake in Kohl’s during the 4th quarter valued at about $8,778,000. Norges Bank bought a new stake in Kohl’s during the 4th quarter valued at about $8,185,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after purchasing an additional 573,579 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Kohl’s by 11.7% during the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock valued at $58,046,000 after purchasing an additional 433,264 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, April 14th. UBS Group cut their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird cut their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Barclays started coverage on shares of Kohl’s in a research report on Monday. They set an “underweight” rating and a $4.00 target price for the company. Finally, 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, March 12th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s has an average rating of “Hold” and a consensus price target of $10.64.

Kohl’s Stock Down 1.4 %

Kohl’s stock opened at $6.96 on Tuesday. The stock has a market capitalization of $774.82 million, a PE ratio of 3.14 and a beta of 1.65. Kohl’s Co. has a 12 month low of $6.04 and a 12 month high of $28.25. The business has a 50 day simple moving average of $8.68 and a 200-day simple moving average of $12.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

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

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is currently 51.02%.

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.