Crescent Grove Advisors LLC Raises Position in Kohl’s Co. (NYSE:KSS)

Crescent Grove Advisors LLC increased its position in Kohl’s Co. (NYSE:KSS) by 54.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,200 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Crescent Grove Advisors LLC’s holdings in Kohl’s were worth $480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KSS. Impact Partnership Wealth LLC grew its holdings in Kohl’s by 12.1% in the fourth quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock worth $206,000 after purchasing an additional 1,583 shares during the period. Pure Financial Advisors LLC bought a new stake in shares of Kohl’s in the 4th quarter worth approximately $145,000. Annex Advisory Services LLC grew its stake in shares of Kohl’s by 4.2% in the 4th quarter. Annex Advisory Services LLC now owns 209,226 shares of the company’s stock worth $2,938,000 after buying an additional 8,437 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Kohl’s during the 4th quarter valued at approximately $101,000. Finally, Silverleafe Capital Partners LLC purchased a new position in Kohl’s during the fourth quarter valued at $140,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KSS. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $18.00 in a research note on Wednesday, November 27th. Telsey Advisory Group cut their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley decreased their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Citigroup decreased their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.22.

Kohl’s Stock Performance

KSS stock opened at $13.62 on Friday. The stock’s fifty day moving average price is $14.51 and its 200-day moving average price is $17.97. The company has a market cap of $1.52 billion, a P/E ratio of 6.14 and a beta of 1.87. Kohl’s Co. has a 1 year low of $12.62 and a 1 year high of $29.60. 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 data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities analysts forecast that Kohl’s Co. will post 1.31 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were paid a $0.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.68%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’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 owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.