SG Americas Securities LLC Buys 75,114 Shares of Kohl’s Co. (NYSE:KSS)

SG Americas Securities LLC increased its stake in shares of Kohl’s Co. (NYSE:KSS) by 109.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,952 shares of the company’s stock after purchasing an additional 75,114 shares during the quarter. SG Americas Securities LLC owned about 0.13% of Kohl’s worth $1,178,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Kohl’s by 360.2% during the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock valued at $53,000 after purchasing an additional 5,053 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Kohl’s by 3.5% during the 1st quarter. Yousif Capital Management LLC now owns 59,319 shares of the company’s stock worth $485,000 after purchasing an additional 2,012 shares during the last quarter. Parallel Advisors LLC raised its holdings in Kohl’s by 146.7% during the 1st quarter. Parallel Advisors LLC now owns 15,669 shares of the company’s stock worth $128,000 after purchasing an additional 9,317 shares during the last quarter. Versant Capital Management Inc raised its holdings in Kohl’s by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock worth $50,000 after purchasing an additional 5,894 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kohl’s during the 4th quarter worth about $2,978,000. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Up 10.1%

Shares of NYSE KSS opened at $8.94 on Tuesday. The company’s fifty day moving average is $7.60 and its 200-day moving average is $10.49. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 4.03 and a beta of 1.66. Kohl’s Co. has a twelve month low of $6.04 and a twelve month high of $24.83. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.09. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business posted ($0.24) earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Equities research analysts predict that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.59%. Kohl’s’s payout ratio is 45.87%.

Analyst Upgrades and Downgrades

KSS has been the topic of a number of recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price objective on shares of Kohl’s in a research note on Thursday, May 29th. Citigroup reduced their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Evercore ISI reduced their price objective on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Bank of America reduced their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, Barclays raised their price objective on shares of Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.75.

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.