Edgestream Partners L.P. Acquires 22,299 Shares of Kohl’s Co. (NYSE:KSS)

Edgestream Partners L.P. boosted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 85.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,383 shares of the company’s stock after acquiring an additional 22,299 shares during the quarter. Edgestream Partners L.P.’s holdings in Kohl’s were worth $1,410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Kohl’s by 16.4% during the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after purchasing an additional 1,775,024 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Kohl’s by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,800,864 shares of the company’s stock valued at $166,375,000 after purchasing an additional 366,660 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Kohl’s by 6.4% during the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after purchasing an additional 199,618 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kohl’s by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,501,527 shares of the company’s stock worth $43,064,000 after acquiring an additional 143,443 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Kohl’s in the fourth quarter worth $34,583,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KSS. Robert W. Baird lowered their price objective on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. cut their price objective on Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, May 31st. TD Cowen cut their price objective on Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Evercore ISI lowered their price objective on Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.44.

Kohl’s Stock Down 0.7 %

Shares of KSS traded down $0.15 on Tuesday, hitting $20.45. The company’s stock had a trading volume of 477,896 shares, compared to its average volume of 5,592,954. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.90 and a beta of 1.95. The firm’s fifty day moving average price is $23.26 and its 200-day moving average price is $25.06. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. Kohl’s Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.65.

Kohl’s (NYSE:KSS) last released its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.41 billion. Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The company’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities research analysts expect that Kohl’s Co. will post 1.38 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.78%. The ex-dividend date was Wednesday, June 12th. Kohl’s’s dividend payout ratio is currently 80.65%.

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.