Point72 Hong Kong Ltd boosted its stake in Kohl’s Co. (NYSE:KSS) by 171.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,669 shares of the company’s stock after purchasing an additional 2,952 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Kohl’s were worth $238,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Institute for Wealth Management LLC. acquired a new position in shares of Kohl’s during the 4th quarter worth about $27,000. FNY Investment Advisers LLC acquired a new position in Kohl’s during the fourth quarter valued at approximately $32,000. TRUE Private Wealth Advisors acquired a new position in Kohl’s during the fourth quarter valued at approximately $35,000. Legacy Bridge LLC bought a new stake in Kohl’s in the fourth quarter valued at approximately $36,000. Finally, Mine & Arao Wealth Creation & Management LLC. bought a new stake in Kohl’s in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 96.15% of the company’s stock.
NYSE KSS traded up $0.26 on Thursday, reaching $17.96. The company had a trading volume of 7,977,819 shares, compared to its average volume of 5,086,479. The company’s fifty day moving average is $35.16 and its 200-day moving average is $46.07. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 4.09, a price-to-earnings-growth ratio of 0.55 and a beta of 0.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.40 and a current ratio of 1.68. Kohl’s Co. has a 1-year low of $12.85 and a 1-year high of $75.91.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a $0.704 dividend. This is a boost from Kohl’s’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.82 annualized dividend and a yield of 15.68%. Kohl’s’s payout ratio is presently 58.02%.
In other news, Director Peter Boneparth purchased 10,000 shares of Kohl’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $34.14 per share, with a total value of $341,400.00. Insiders own 0.57% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Kohl’s from a “sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group downgraded Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $65.00 to $52.00 in a research note on Monday, January 6th. Wedbush reduced their target price on Kohl’s from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. TheStreet lowered Kohl’s from a “b-” rating to a “c” rating in a report on Monday, December 23rd. Finally, Goldman Sachs Group decreased their target price on Kohl’s from $56.00 to $48.00 in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.38.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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