Yousif Capital Management LLC Acquires 2,012 Shares of Kohl’s Corporation (NYSE:KSS)

Yousif Capital Management LLC boosted its holdings in Kohl’s Corporation (NYSE:KSS) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,319 shares of the company’s stock after acquiring an additional 2,012 shares during the quarter. Yousif Capital Management LLC owned 0.05% of Kohl’s worth $485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KSS. Marshall Wace LLP bought a new position in shares of Kohl’s during the 4th quarter valued at $19,874,000. Gate City Capital Management LLC bought a new position in shares of Kohl’s during the 4th quarter valued at $12,773,000. ExodusPoint Capital Management LP bought a new position in shares of Kohl’s during the 4th quarter valued at $8,778,000. Norges Bank bought a new position in shares of Kohl’s during the 4th quarter valued at $8,185,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after buying an additional 573,579 shares during the period. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Down 1.1%

Shares of NYSE:KSS opened at $8.23 on Friday. Kohl’s Corporation has a 52 week low of $6.04 and a 52 week high of $24.83. The company’s 50 day moving average is $7.68 and its two-hundred day moving average is $10.36. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. The company has a market cap of $921.87 million, a PE ratio of 7.55 and a beta of 1.66.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.09. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. Kohl’s’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm posted ($0.24) EPS. Equities analysts predict that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Wednesday, June 11th. Kohl’s’s payout ratio is currently 45.87%.

Analyst Ratings Changes

Several research firms have recently commented on KSS. Evercore ISI reduced their price objective on Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a research note on Friday, May 2nd. Robert W. Baird upped their price objective on Kohl’s from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th. Morgan Stanley reduced their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price objective on shares of Kohl’s in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Kohl’s in a research note on Thursday, May 29th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.75.

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.