LPL Financial LLC Acquires 20,537 Shares of Kohl’s Co. (NYSE:KSS)

LPL Financial LLC grew its holdings in shares of Kohl’s Co. (NYSE:KSS) by 45.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 65,235 shares of the company’s stock after purchasing an additional 20,537 shares during the period. LPL Financial LLC owned approximately 0.06% of Kohl’s worth $916,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KSS. SBI Securities Co. Ltd. purchased a new position in Kohl’s during the fourth quarter valued at $26,000. Bogart Wealth LLC purchased a new position in shares of Kohl’s in the 4th quarter worth about $35,000. KBC Group NV boosted its stake in Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after purchasing an additional 1,974 shares in the last quarter. Platinum Investment Management Ltd. boosted its stake in Kohl’s by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Kohl’s during the 4th quarter valued at about $100,000. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Up 5.5 %

Kohl’s stock opened at $6.47 on Monday. Kohl’s Co. has a 52-week low of $6.04 and a 52-week high of $28.25. The company has a market cap of $720.27 million, a P/E ratio of 2.91 and a beta of 1.65. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business has a 50-day simple moving average of $9.26 and a two-hundred day simple moving average of $13.51.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same period in the prior year, the business posted $1.67 EPS. Kohl’s’s revenue was down 9.4% on a year-over-year basis. Analysts predict that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is currently 51.02%.

Analyst Ratings Changes

Several brokerages have issued reports on KSS. Robert W. Baird decreased their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price on shares of Kohl’s in a research note on Tuesday, April 1st. UBS Group decreased their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and a consensus target price of $11.71.

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.