Impact Partnership Wealth LLC Purchases 4,177 Shares of Kohl’s Co. (NYSE:KSS)

Impact Partnership Wealth LLC increased its position in shares of Kohl’s Co. (NYSE:KSS) by 46.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,088 shares of the company’s stock after acquiring an additional 4,177 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Kohl’s were worth $276,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KSS. Evercore ISI cut their price target 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. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Robert W. Baird cut their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and cut their price target for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Finally, TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Two investment 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’s stock. Based on data from MarketBeat, Kohl’s has an average rating of “Hold” and a consensus price target of $21.29.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Kohl’s Price Performance

NYSE KSS opened at $19.08 on Friday. 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 company has a market capitalization of $2.12 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The firm’s 50 day moving average is $19.68 and its 200-day moving average is $21.76.

Kohl’s (NYSE:KSS) last posted 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 net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that Kohl’s Co. will post 1.8 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 10.48%. Kohl’s’s payout ratio is 80.65%.

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.