Quadrant Capital Group LLC Increases Holdings in Kohl’s Co. (NYSE:KSS)

Quadrant Capital Group LLC increased its stake in Kohl’s Co. (NYSE:KSS) by 197.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after acquiring an additional 1,829 shares during the period. Quadrant Capital Group LLC’s holdings in Kohl’s were worth $79,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of Kohl’s by 73.7% in the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after purchasing an additional 551,340 shares during the period. American Century Companies Inc. boosted its stake in Kohl’s by 38.5% during the third quarter. American Century Companies Inc. now owns 1,686,202 shares of the company’s stock worth $35,343,000 after buying an additional 468,602 shares during the period. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 366,660 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Kohl’s in the third quarter valued at $6,741,000. Finally, Dark Forest Capital Management LP raised its stake in shares of Kohl’s by 137.7% in the third quarter. Dark Forest Capital Management LP now owns 515,653 shares of the company’s stock valued at $10,808,000 after acquiring an additional 298,693 shares during the period. 98.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KSS shares. StockNews.com upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $28.00 target price on shares of Kohl’s in a research note on Thursday. TD Cowen increased their price target on Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Citigroup dropped their price objective on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Finally, Morgan Stanley increased their target price on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.50.

Kohl’s Trading Up 1.3 %

KSS opened at $26.49 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average is $25.22 and its two-hundred day moving average is $25.87. The company has a market capitalization of $2.94 billion, a P/E ratio of 9.29, a PEG ratio of 1.46 and a beta of 2.01. Kohl’s Co. has a 52 week low of $17.68 and a 52 week high of $29.65.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the firm posted ($2.49) earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts forecast that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be given a $0.50 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 7.55%. Kohl’s’s payout ratio is presently 70.18%.

About Kohl’s

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.