Quantinno Capital Management LP grew its stake in shares of Kohl’s Corporation (NYSE:KSS – Free Report) by 38.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 368,911 shares of the company’s stock after acquiring an additional 103,039 shares during the quarter. Quantinno Capital Management LP owned about 0.33% of Kohl’s worth $4,759,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. SummitTX Capital L.P. purchased a new stake in Kohl’s during the 1st quarter valued at about $408,000. Gateway Wealth Partners LLC purchased a new position in Kohl’s in the first quarter worth about $237,000. OMERS ADMINISTRATION Corp lifted its stake in shares of Kohl’s by 6.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 93,280 shares of the company’s stock worth $1,203,000 after buying an additional 5,900 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Kohl’s during the first quarter valued at approximately $808,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Kohl’s by 107.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,479,061 shares of the company’s stock valued at $31,980,000 after acquiring an additional 1,286,710 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.
Kohl’s Stock Down 6.1%
KSS opened at $18.47 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.93. Kohl’s Corporation has a 1-year low of $10.85 and a 1-year high of $25.22. The company has a market capitalization of $2.09 billion, a PE ratio of 7.83 and a beta of 1.40. The firm’s 50 day simple moving average is $17.54 and its two-hundred day simple moving average is $15.94.
Kohl’s Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a $0.125 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. Kohl’s’s dividend payout ratio is presently 21.19%.
Insider Activity at Kohl’s
In other news, EVP Jennifer J. Kent sold 22,942 shares of Kohl’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $20.00, for a total transaction of $458,840.00. Following the transaction, the executive vice president directly owned 234,452 shares of the company’s stock, valued at $4,689,040. The trade was a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
KSS has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Citigroup upgraded Kohl’s from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $22.00 in a research note on Monday, June 1st. Zacks Research downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Gordon Haskett cut Kohl’s from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Friday, May 15th. Finally, TD Cowen lifted their price objective on Kohl’s from $13.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $15.31.
Get Our Latest Stock Report on Kohl’s
Kohl’s Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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