Kohl’s Co. (NYSE:KSS) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 49.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,848 shares of the company’s stock after buying an additional 1,281 shares during the period. Hexagon Capital Partners LLC’s holdings in Kohl’s were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC raised its holdings in Kohl’s by 254.9% during the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after purchasing an additional 570,745 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Kohl’s by 22.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock worth $7,787,000 after purchasing an additional 49,209 shares in the last quarter. Norges Bank acquired a new stake in shares of Kohl’s during the 4th quarter valued at $34,583,000. Allianz Asset Management GmbH boosted its position 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. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Kohl’s by 495.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after buying an additional 4,107 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KSS shares. Evercore ISI decreased their target price 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. TD Cowen dropped their target price on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $28.00 price target on shares of Kohl’s in a report on Thursday, May 30th. Robert W. Baird decreased their price objective on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Finally, StockNews.com lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.44.

Kohl’s Stock Down 0.5 %

NYSE:KSS traded down $0.10 on Friday, hitting $20.20. The stock had a trading volume of 5,751,565 shares, compared to its average volume of 5,639,024. The company has a market cap of $2.25 billion, a PE ratio of 8.15, a P/E/G ratio of 1.90 and a beta of 1.95. The business’s fifty day moving average is $21.82 and its 200 day moving average is $24.51. 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 52 week low of $17.68 and a 52 week high of $29.60.

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

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.90%. The ex-dividend date was Wednesday, June 12th. Kohl’s’s payout ratio is 80.65%.

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.