Trust Investment Advisors Invests $1.50 Million in Kohl’s Co. (NYSE:KSS)

Trust Investment Advisors purchased a new stake in Kohl’s Co. (NYSE:KSS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 65,049 shares of the company’s stock, valued at approximately $1,495,000. Trust Investment Advisors owned 0.06% of Kohl’s at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Security National Bank acquired a new position in Kohl’s in the 2nd quarter valued at $34,000. CWM LLC raised its stake in Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after purchasing an additional 948 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Kohl’s during the first quarter worth about $54,000. Summit Securities Group LLC grew its stake in Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after buying an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Kohl’s by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Trading Down 1.9 %

NYSE KSS opened at $18.61 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average is $20.15 and its 200 day moving average is $22.98.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 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 for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Kohl’s Co. will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s payout ratio is currently 80.65%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a report on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $21.00 in a report on Friday, August 30th. Robert W. Baird lowered their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Evercore ISI reduced their price objective on 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus target price of $20.67.

About Kohl’s

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.