Kohl’s Co. (NYSE:KSS) Shares Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC boosted its stake in Kohl’s Co. (NYSE:KSS) by 55.6% in the second quarter, Holdings Channel reports. The fund owned 18,200 shares of the company’s stock after buying an additional 6,500 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Kohl’s were worth $418,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. CWM LLC grew its position 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 buying an additional 428 shares in the last quarter. Security National Bank bought a new stake in shares of Kohl’s in the 2nd quarter worth about $34,000. Hexagon Capital Partners LLC increased its position in shares of Kohl’s by 133.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock worth $40,000 after purchasing an additional 802 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Kohl’s in the 4th quarter valued at about $46,000. Finally, Register Financial Advisors LLC bought a new position in shares of Kohl’s during the first quarter worth about $54,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

NYSE KSS traded down $0.21 during trading hours on Wednesday, hitting $19.52. The company had a trading volume of 7,079,017 shares, compared to its average volume of 5,606,951. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.17 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.90 and a beta of 1.95. Kohl’s Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.60. The business has a fifty day simple moving average of $21.32 and a 200-day simple moving average of $24.10.

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 analysts’ consensus estimates of $0.04 by ($0.28). The firm had revenue of $3.20 billion during 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 was down 10.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. Equities analysts predict that Kohl’s Co. will post 1.38 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.25%. The ex-dividend date of this dividend is Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KSS. TD Cowen lowered their price objective on Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 31st. Evercore ISI lowered their price target on Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 31st. Robert W. Baird reduced their price objective on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.89.

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.