Kohl’s Co. (NYSE:KSS) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of Kohl’s Co. (NYSE:KSS) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,486 shares of the company’s stock after acquiring an additional 1,548 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kohl’s were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Kohl’s by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock valued at $84,000 after buying an additional 491 shares during the period. Arizona State Retirement System grew its position in Kohl’s by 2.0% in the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after acquiring an additional 623 shares during the period. Summit Securities Group LLC grew its position in Kohl’s by 50.0% in the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after acquiring an additional 800 shares during the period. CWM LLC increased its stake in Kohl’s by 97.1% during the second 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. Finally, Whitebox Advisors LLC raised its position in Kohl’s by 2.2% in the first quarter. Whitebox Advisors LLC now owns 45,770 shares of the company’s stock valued at $1,334,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $18.36 on Friday. Kohl’s Co. has a 52 week low of $17.73 and a 52 week high of $29.60. The firm has a 50 day moving average of $19.44 and a two-hundred day moving average of $21.44. 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 stock has a market capitalization of $2.04 billion, a PE ratio of 7.20, a P/E/G ratio of 1.25 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. Kohl’s’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 EPS. On average, research analysts predict that Kohl’s Co. will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.89%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s dividend payout ratio is presently 78.43%.

Wall Street Analyst Weigh In

KSS has been the subject of a number of recent analyst reports. Evercore ISI cut their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $21.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Finally, Robert W. Baird decreased their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.29.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’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 completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

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.