Centiva Capital LP Purchases New Holdings in Kohl’s Co. (NYSE:KSS)

Centiva Capital LP purchased a new stake in shares of Kohl’s Co. (NYSE:KSS) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 55,171 shares of the company’s stock, valued at approximately $1,164,000.

Other large investors also recently bought and sold shares of the company. Tidal Investments LLC increased its stake in Kohl’s by 23.0% during the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock valued at $465,000 after purchasing an additional 2,982 shares in the last quarter. CWM LLC increased its stake in Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after purchasing an additional 948 shares in the last quarter. Annex Advisory Services LLC increased its stake in Kohl’s by 19.5% during the 2nd quarter. Annex Advisory Services LLC now owns 196,637 shares of the company’s stock valued at $4,521,000 after purchasing an additional 32,034 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in Kohl’s by 2.4% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 320,070 shares of the company’s stock valued at $7,358,000 after purchasing an additional 7,419 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after purchasing an additional 716,919 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on KSS shares. Morgan Stanley reduced their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Evercore ISI reduced their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $18.00 in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research note on Thursday, August 29th. Three investment 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.22.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $15.29 on Thursday. The firm has a 50 day moving average of $18.38 and a 200 day moving average of $20.35. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 1.48 and a beta of 1.88. Kohl’s Co. has a 12-month low of $14.22 and a 12-month high of $29.60.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.08%. Kohl’s’s payout ratio is currently 90.09%.

Kohl’s Company 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.