Commonwealth Equity Services LLC Has $589,000 Position in Kohl’s Co. (NYSE:KSS)

Posted by MarketBeat News on May 26th, 2023

Commonwealth Equity Services LLC reduced its holdings in Kohl’s Co. (NYSE:KSS – Get Rating) by 31.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,363 shares of the company’s stock after selling 10,622 shares during the period. Commonwealth Equity Services LLC’s holdings in Kohl’s were worth $589,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSS. Starboard Value LP acquired a new stake in Kohl’s in the 1st quarter valued at $201,401,000. Laurion Capital Management LP acquired a new stake in Kohl’s in the 3rd quarter valued at $36,591,000. State Street Corp grew its position in shares of Kohl’s by 12.5% in the 3rd quarter. State Street Corp now owns 4,962,073 shares of the company’s stock valued at $124,796,000 after acquiring an additional 551,124 shares during the period. Verition Fund Management LLC grew its position in shares of Kohl’s by 244.9% in the 3rd quarter. Verition Fund Management LLC now owns 502,855 shares of the company’s stock valued at $12,646,000 after acquiring an additional 357,047 shares during the period. Finally, LSV Asset Management grew its position in shares of Kohl’s by 8.4% in the 3rd quarter. LSV Asset Management now owns 4,241,586 shares of the company’s stock valued at $106,676,000 after acquiring an additional 329,800 shares during the period. 95.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas Kingsbury bought 92,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were acquired at an average cost of $21.82 per share, with a total value of $2,018,350.00. Following the completion of the purchase, the chief executive officer now directly owns 228,993 shares in the company, valued at $4,996,627.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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A number of brokerages have recently commented on KSS. UBS Group decreased their price objective on shares of Kohl’s from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, March 29th. Credit Suisse Group decreased their price objective on shares of Kohl’s to $27.00 in a research report on Wednesday, March 1st. Guggenheim decreased their price objective on shares of Kohl’s from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, February 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $35.00 price objective on shares of Kohl’s in a research report on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kohl’s from $25.00 to $28.00 in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.88.

Kohl’s Trading Down 5.1 %

KSS opened at $19.67 on Friday. Kohl’s Co. has a fifty-two week low of $18.61 and a fifty-two week high of $47.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.20 and a quick ratio of 0.18. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -43.71, a PEG ratio of 1.02 and a beta of 1.66. The company’s 50 day moving average price is $21.77 and its two-hundred day moving average price is $26.52.

Kohl’s (NYSE:KSS – Get Rating) last posted its quarterly earnings data on Wednesday, May 24th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.57. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a negative net margin of 0.10% and a negative return on equity of 0.45%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. As a group, research analysts predict that Kohl’s Co. will post 2.36 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.17%. The ex-dividend date of this dividend is Tuesday, June 6th. Kohl’s’s dividend payout ratio is presently -444.43%.

Kohl’s Company Profile

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.