Kohl’s Co. (NYSE:KSS) Stock Holdings Boosted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its position in Kohl’s Co. (NYSE:KSS) by 1,422.5% during the second quarter, Holdings Channel reports. The fund owned 239,028 shares of the company’s stock after purchasing an additional 223,328 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Kohl’s were worth $5,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KSS. Security National Bank acquired a new stake in shares of Kohl’s in the second quarter valued at approximately $34,000. CWM LLC grew its holdings in Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Kohl’s in the 2nd quarter worth approximately $49,000. Register Financial Advisors LLC acquired a new stake in Kohl’s in the 1st quarter valued at approximately $54,000. Finally, Summit Securities Group LLC raised its stake in Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after acquiring an additional 800 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Robert W. Baird decreased their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and dropped their price target for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research note on Thursday, August 29th. Finally, Evercore ISI lowered their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.29.

Kohl’s Stock Performance

NYSE:KSS opened at $20.90 on Monday. The company has a 50-day moving average of $19.86 and a 200-day moving average of $22.64. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Analysts forecast that Kohl’s Co. will post 1.8 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

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.