Private Advisory Group LLC Has $2.90 Million Position in Kohl’s Co. (NYSE:KSS)

Private Advisory Group LLC grew its holdings in shares of Kohl’s Co. (NYSE:KSS) by 67.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,419 shares of the company’s stock after acquiring an additional 23,524 shares during the period. Private Advisory Group LLC’s holdings in Kohl’s were worth $2,901,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Kohl’s during the 2nd quarter worth about $26,000. TRUE Private Wealth Advisors acquired a new stake in Kohl’s during the 2nd quarter worth about $33,000. Point72 Asset Management L.P. acquired a new stake in Kohl’s during the 2nd quarter worth about $38,000. Webster Bank N. A. acquired a new stake in Kohl’s during the 3rd quarter worth about $50,000. Finally, Institutional & Family Asset Management LLC acquired a new stake in Kohl’s during the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.

Shares of Kohl’s stock traded down $0.95 during mid-day trading on Thursday, hitting $52.31. 93,150 shares of the stock were exchanged, compared to its average volume of 2,825,497. Kohl’s Co. has a 12 month low of $43.33 and a 12 month high of $83.28. The company has a 50-day simple moving average of $49.86 and a 200 day simple moving average of $53.61. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.36 and a current ratio of 1.65. The company has a market capitalization of $8.42 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.01 and a beta of 1.04.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, August 20th. The company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.04. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the firm earned $1.76 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts predict that Kohl’s Co. will post 5.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.68 annualized dividend and a dividend yield of 5.12%. Kohl’s’s payout ratio is currently 47.86%.

A number of analysts have weighed in on KSS shares. ValuEngine upgraded Kohl’s from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. OTR Global downgraded Kohl’s to a “positive” rating in a report on Friday, August 2nd. Guggenheim reiterated a “buy” rating and set a $60.00 price target (down from $70.00) on shares of Kohl’s in a report on Wednesday, August 21st. Wedbush reissued a “neutral” rating and set a $48.00 price objective (down previously from $58.00) on shares of Kohl’s in a research report on Thursday, August 15th. Finally, Cowen set a $58.00 price objective on shares of Kohl’s and gave the stock a “buy” rating in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Kohl’s presently has a consensus rating of “Hold” and an average target price of $60.18.

Kohl’s Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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