10,156 Shares in Kohl’s Co. (NYSE:KSS) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in shares of Kohl’s Co. (NYSE:KSS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,156 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also recently added to or reduced their stakes in KSS. Squarepoint Ops LLC lifted its position in shares of Kohl’s by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after acquiring an additional 1,804,809 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares during the period. SG Americas Securities LLC increased its stake in Kohl’s by 518.9% in the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after purchasing an additional 716,919 shares in the last quarter. American Century Companies Inc. raised its holdings in Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after buying an additional 643,913 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Kohl’s by 109.2% during the third quarter. International Assets Investment Management LLC now owns 546,070 shares of the company’s stock valued at $11,522,000 after buying an additional 285,070 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Trading Down 2.1 %

Shares of NYSE:KSS opened at $18.10 on Friday. The firm has a fifty day moving average of $19.56 and a two-hundred day moving average of $21.56. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a 12-month low of $17.89 and a 12-month high of $29.60. The firm has a market capitalization of $2.01 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 1.30 and a beta of 1.93.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts expect that Kohl’s Co. will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 11.05%. Kohl’s’s dividend payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

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

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

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.