HighPoint Advisor Group LLC Takes $1.13 Million Position in Kohl’s Co. (NYSE:KSS)

HighPoint Advisor Group LLC bought a new stake in shares of Kohl’s Co. (NYSE:KSS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 42,574 shares of the company’s stock, valued at approximately $1,127,000.

Several other institutional investors and hedge funds have also bought and sold shares of KSS. Vanguard Group Inc. raised its holdings in shares of 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 period. Dimensional Fund Advisors LP grew its stake in Kohl’s by 6.7% in 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 period. Allianz Asset Management GmbH increased its holdings in shares of 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 acquiring an additional 199,618 shares in the last quarter. American Century Companies Inc. raised its position in shares of 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 purchasing an additional 468,602 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kohl’s by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,501,527 shares of the company’s stock worth $43,064,000 after purchasing an additional 143,443 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Stock Performance

NYSE KSS traded down $0.19 on Tuesday, hitting $21.52. 170,466 shares of the stock traded hands, compared to its average volume of 5,611,946. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.93 and a beta of 1.90. The business’s fifty day moving average is $24.07 and its two-hundred day moving average is $25.88. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.19 and a current ratio of 1.21. Kohl’s Co. has a 12 month low of $17.68 and a 12 month high of $29.65.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the firm posted $0.13 earnings per share. As a group, equities analysts anticipate that Kohl’s Co. will post 1.4 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.29%. The ex-dividend date is Wednesday, June 12th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and set a $28.00 price objective on shares of Kohl’s in a report on Thursday, May 30th. Morgan Stanley raised their target price on Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Citigroup lowered their price target on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. StockNews.com lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Finally, Robert W. Baird decreased their price objective on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $22.44.

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.