Perigon Wealth Management LLC Has $243,000 Stock Position in Kohl’s Co. (NYSE:KSS)

Perigon Wealth Management LLC cut its holdings in shares of Kohl’s Co. (NYSE:KSS) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,477 shares of the company’s stock after selling 2,779 shares during the period. Perigon Wealth Management LLC’s holdings in Kohl’s were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Kohl’s during the third quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Kohl’s during the second quarter worth about $26,000. SkyView Investment Advisors LLC bought a new stake in shares of Kohl’s during the first quarter worth about $27,000. Quarry LP increased its position in shares of Kohl’s by 81.1% during the first quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after acquiring an additional 594 shares in the last quarter. Finally, Fairfield Bush & CO. bought a new stake in shares of Kohl’s during the second quarter worth about $35,000. 98.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KSS. Morgan Stanley boosted their target price on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Citigroup reduced their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. TD Cowen upped their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Finally, Telsey Advisory Group upped their price objective on shares of Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.20.

Kohl’s Trading Down 0.8 %

Shares of KSS stock opened at $21.85 on Thursday. The company has a 50 day moving average of $26.48 and a 200-day moving average of $25.15. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The firm has a market cap of $2.42 billion, a P/E ratio of 7.67, a PEG ratio of 1.24 and a beta of 1.98.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the business posted ($2.49) EPS. Kohl’s’s quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 9.15%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

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.