RIA Advisory Group LLC Makes New Investment in Kohl’s Co. (NYSE:KSS)

RIA Advisory Group LLC acquired a new stake in shares of Kohl’s Co. (NYSE:KSS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,961 shares of the company’s stock, valued at approximately $601,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Kohl’s during the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Kohl’s during the second quarter valued at approximately $26,000. SkyView Investment Advisors LLC purchased a new position in shares of Kohl’s in the first quarter valued at $27,000. Quarry LP grew its holdings in shares of Kohl’s by 81.1% in the first quarter. Quarry LP now owns 1,326 shares of the company’s stock valued at $31,000 after purchasing an additional 594 shares in the last quarter. Finally, Fairfield Bush & CO. purchased a new position in shares of Kohl’s in the second quarter valued at $35,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 1.5 %

Shares of KSS traded up $0.34 during trading hours on Friday, reaching $23.19. 5,010,987 shares of the company traded hands, compared to its average volume of 5,402,767. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.22 and a beta of 1.98. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average price is $26.40 and its 200 day moving average price is $25.13.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.80 billion. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.49) earnings per share. Sell-side analysts forecast that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a $0.50 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 8.62%. Kohl’s’s payout ratio is currently 70.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Telsey Advisory Group raised their target price on shares of Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. StockNews.com raised shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Morgan Stanley raised their target price on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. TD Cowen raised their target price on shares of Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Finally, Citigroup dropped their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.20.

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.