Parkside Financial Bank & Trust Purchases 6,551 Shares of Kohl’s Co. (NYSE:KSS)

Parkside Financial Bank & Trust increased its position in shares of Kohl’s Co. (NYSE:KSS) by 6,969.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,645 shares of the company’s stock after buying an additional 6,551 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Kohl’s were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KSS. Barclays PLC boosted its holdings in Kohl’s by 73.7% in the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock valued at $27,245,000 after purchasing an additional 551,340 shares during the period. American Century Companies Inc. boosted its holdings in Kohl’s by 38.5% in the 3rd quarter. American Century Companies Inc. now owns 1,686,202 shares of the company’s stock valued at $35,343,000 after purchasing an additional 468,602 shares during the period. Brandywine Global Investment Management LLC bought a new stake in Kohl’s in the 3rd quarter valued at $6,741,000. Dark Forest Capital Management LP boosted its holdings in Kohl’s by 137.7% in the 3rd quarter. Dark Forest Capital Management LP now owns 515,653 shares of the company’s stock valued at $10,808,000 after purchasing an additional 298,693 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Kohl’s by 253.9% during the 3rd quarter. Hsbc Holdings PLC now owns 223,932 shares of the company’s stock worth $4,724,000 after acquiring an additional 160,650 shares during the period. 98.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on KSS shares. Citigroup reduced their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Morgan Stanley increased their target price on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their target price on shares of Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. TD Cowen increased their target price on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Finally, StockNews.com upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.20.

Kohl’s Trading Down 2.0 %

KSS opened at $24.89 on Thursday. The stock has a market capitalization of $2.76 billion, a PE ratio of 8.73, a PEG ratio of 1.41 and a beta of 1.98. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65. The firm has a 50-day moving average price of $26.19 and a two-hundred day moving average price of $25.31.

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

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.04%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) 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.