M&T Bank Corp Invests $144,000 in Kohl’s Corporation (NYSE:KSS)

M&T Bank Corp purchased a new stake in Kohl’s Corporation (NYSE:KSS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,625 shares of the company’s stock, valued at approximately $144,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KSS. State of Wyoming bought a new position in Kohl’s in the 4th quarter valued at $35,000. Versant Capital Management Inc increased its position in shares of Kohl’s by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock valued at $50,000 after purchasing an additional 5,894 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kohl’s by 360.2% during the 1st 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. Quinn Opportunity Partners LLC purchased a new stake in shares of Kohl’s during the 4th quarter valued at $154,000. Finally, Vident Advisory LLC increased its position in shares of Kohl’s by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock valued at $160,000 after purchasing an additional 967 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Price Performance

Shares of KSS stock opened at $9.58 on Friday. The firm has a market cap of $1.07 billion, a P/E ratio of 8.79 and a beta of 1.66. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $22.53. The business’s 50 day moving average price is $8.60 and its 200-day moving average price is $9.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl’s had a return on equity of 4.71% and a net margin of 0.75%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted ($0.24) earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Kohl’s Corporation will post 1.3 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Wednesday, June 11th. Kohl’s’s payout ratio is 45.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Kohl’s from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, May 19th. Barclays raised their target price on Kohl’s from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Wall Street Zen downgraded Kohl’s from a “hold” rating to a “sell” rating in a research note on Sunday, June 22nd. Robert W. Baird raised their target price on Kohl’s from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Kohl’s in a research note on Thursday, May 29th. Eight equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.75.

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.