Abich Financial Wealth Management LLC Invests $49,000 in Kohl’s Co. (NYSE:KSS)

Abich Financial Wealth Management LLC bought a new stake in Kohl’s Co. (NYSE:KSS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,152 shares of the company’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Kohl’s during the fourth quarter worth about $34,583,000. PNC Financial Services Group Inc. lifted its stake in Kohl’s by 21.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,567 shares of the company’s stock valued at $446,000 after buying an additional 2,754 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Kohl’s in the fourth quarter valued at approximately $294,000. Hsbc Holdings PLC grew its position in shares of Kohl’s by 254.9% during the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after acquiring an additional 570,745 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Kohl’s by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 4,581 shares of the company’s stock valued at $131,000 after acquiring an additional 572 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Morgan Stanley lowered Kohl’s to an “underweight” rating and lowered their price target for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Robert W. Baird dropped their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Evercore ISI dropped their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.38.

Kohl’s Price Performance

Shares of NYSE KSS opened at $19.72 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.60. The company’s fifty day moving average is $19.90 and its two-hundred day moving average is $22.72. The firm has a market capitalization of $2.19 billion, a P/E ratio of 7.95, a PEG ratio of 1.32 and a beta of 1.93.

Kohl’s (NYSE:KSS) last issued its earnings results 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. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Analysts forecast that Kohl’s Co. will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders 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 annualized dividend and a yield of 10.14%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

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.