Alaska Permanent Fund Corp Sells 2,524 Shares of Kohl’s Co. (NYSE:KSS)

Alaska Permanent Fund Corp trimmed its holdings in shares of Kohl’s Co. (NYSE:KSS) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,916 shares of the company’s stock after selling 2,524 shares during the period. Alaska Permanent Fund Corp’s holdings in Kohl’s were worth $2,942,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in Kohl’s by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock valued at $33,000 after purchasing an additional 428 shares during the period. Hexagon Capital Partners LLC grew its holdings in Kohl’s by 133.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock valued at $40,000 after purchasing an additional 802 shares during the period. GAMMA Investing LLC acquired a new position in Kohl’s during the fourth quarter valued at approximately $46,000. Versant Capital Management Inc grew its holdings in Kohl’s by 392.4% during the fourth quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock valued at $49,000 after purchasing an additional 1,350 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in Kohl’s during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS opened at $22.28 on Friday. Kohl’s Co. has a 12 month low of $17.68 and a 12 month high of $29.65. The firm has a fifty day simple moving average of $23.94 and a 200 day simple moving average of $25.81. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.91 and a beta of 1.90. The company has a current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12.

Kohl’s (NYSE:KSS) last announced its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. Research analysts forecast that Kohl’s Co. will post 1.4 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.98%. The ex-dividend date of this dividend is Wednesday, June 12th. Kohl’s’s payout ratio is 80.65%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KSS shares. TD Cowen decreased their price objective on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 31st. Citigroup reduced their price target on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price target on shares of Kohl’s in a report on Thursday, May 30th. Robert W. Baird reduced their price target on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.44.

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.