PARK CIRCLE Co Sells 56,360 Shares of Kohl’s Co. (NYSE:KSS)

PARK CIRCLE Co decreased its holdings in Kohl’s Co. (NYSE:KSS) by 42.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after selling 56,360 shares during the period. PARK CIRCLE Co owned about 0.07% of Kohl’s worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Kohl’s by 7.6% in the fourth quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock valued at $246,000 after acquiring an additional 1,232 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Kohl’s by 1.7% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock worth $830,000 after purchasing an additional 972 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Kohl’s during the 4th quarter worth $8,778,000. Cinctive Capital Management LP increased its position in Kohl’s by 54.9% during the 4th quarter. Cinctive Capital Management LP now owns 315,043 shares of the company’s stock valued at $4,423,000 after buying an additional 111,713 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Kohl’s by 128.5% in the fourth quarter. Franklin Resources Inc. now owns 103,236 shares of the company’s stock valued at $1,449,000 after buying an additional 58,057 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Up 7.6 %

KSS stock opened at $7.15 on Friday. The firm’s fifty day moving average is $10.75 and its 200 day moving average is $14.60. The firm has a market cap of $795.41 million, a PE ratio of 3.22 and a beta of 1.65. Kohl’s Co. has a one year low of $6.04 and a one year high of $28.25. 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 posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The business’s revenue was down 9.4% compared to the same quarter last year. On average, research analysts forecast that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.00%. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KSS shares. JPMorgan Chase & Co. cut their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, March 11th. UBS Group lowered their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Kohl’s in a research note on Tuesday, April 1st. Robert W. Baird reduced their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, Citigroup dropped their target price on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.87.

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.