GAMMA Investing LLC Acquires 5,053 Shares of Kohl’s Corporation (NYSE:KSS)

GAMMA Investing LLC increased its holdings in shares of Kohl’s Corporation (NYSE:KSS) by 360.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,456 shares of the company’s stock after acquiring an additional 5,053 shares during the quarter. GAMMA Investing LLC’s holdings in Kohl’s were worth $53,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Marshall Wace LLP bought a new position in Kohl’s in the 4th quarter valued at about $19,874,000. Gate City Capital Management LLC bought a new position in Kohl’s in the 4th quarter valued at about $12,773,000. ExodusPoint Capital Management LP bought a new position in Kohl’s in the 4th quarter valued at about $8,778,000. Norges Bank bought a new position in Kohl’s in the 4th quarter valued at about $8,185,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Kohl’s by 155.1% in 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KSS shares. Wall Street Zen downgraded shares of Kohl’s from a “hold” rating to a “sell” rating in a research note on Sunday, June 22nd. Evercore ISI reduced their price target 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. Citigroup reduced their price target 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. UBS Group reduced their price target on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kohl’s from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, May 19th. Eight equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus target price of $9.75.

Kohl’s Trading Up 3.4%

Kohl’s stock opened at $9.39 on Thursday. The business has a 50-day simple moving average of $8.23 and a two-hundred day simple moving average of $9.84. The company has a market cap of $1.05 billion, a P/E ratio of 8.61 and a beta of 1.66. Kohl’s Corporation has a 52-week low of $6.04 and a 52-week high of $23.09. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95.

Kohl’s (NYSE:KSS) last released its earnings results 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. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts predict that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.32%. Kohl’s’s dividend payout ratio is currently 45.87%.

Kohl’s 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.