Two Sigma Advisers LP Boosts Stock Holdings in Kohl’s Co. (NYSE:KSS)

Two Sigma Advisers LP increased its position in shares of Kohl’s Co. (NYSE:KSS) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,222,100 shares of the company’s stock after buying an additional 126,600 shares during the period. Two Sigma Advisers LP owned 2.00% of Kohl’s worth $31,198,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Kohl’s by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock worth $830,000 after acquiring an additional 972 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Kohl’s by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock worth $246,000 after purchasing an additional 1,232 shares during the period. Platinum Investment Management Ltd. raised its holdings in Kohl’s by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after purchasing an additional 1,436 shares during the period. Illinois Municipal Retirement Fund boosted its position in Kohl’s by 2.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock worth $842,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in Kohl’s by 12.1% during 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 in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KSS. UBS Group decreased their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Evercore ISI reduced their price objective on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Kohl’s from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday. Jefferies Financial Group dropped their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, Robert W. Baird reduced their price target on shares of Kohl’s from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.61.

Kohl’s Stock Performance

Shares of KSS stock opened at $8.27 on Wednesday. Kohl’s Co. has a 1 year low of $6.04 and a 1 year high of $27.59. The stock has a market cap of $920.65 million, a PE ratio of 3.73 and a beta of 1.61. The stock has a fifty day moving average price of $7.50 and a 200 day moving average price of $11.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

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

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Wednesday, June 11th. Kohl’s’s dividend payout ratio is presently 51.02%.

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.