Quadrature Capital Ltd Purchases 44,113 Shares of Kohl’s Co. (NYSE:KSS)

Quadrature Capital Ltd grew its position in shares of Kohl’s Co. (NYSE:KSS) by 338.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,156 shares of the company’s stock after buying an additional 44,113 shares during the quarter. Quadrature Capital Ltd’s holdings in Kohl’s were worth $1,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CWM LLC lifted its position in shares of Kohl’s by 59.7% during the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after buying an additional 428 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Kohl’s by 133.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock worth $40,000 after purchasing an additional 802 shares during the period. GAMMA Investing LLC bought a new stake in shares of Kohl’s in the 4th quarter worth approximately $46,000. Register Financial Advisors LLC bought a new stake in shares of Kohl’s in the 1st quarter worth approximately $54,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Kohl’s by 197.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,756 shares of the company’s stock worth $79,000 after purchasing an additional 1,829 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of KSS traded up $0.46 during mid-day trading on Friday, reaching $20.51. 5,685,692 shares of the stock traded hands, compared to its average volume of 4,801,723. The firm has a fifty day moving average price of $22.82 and a 200 day moving average price of $24.88. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.95. The company has a current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.65.

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

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.75%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

Analyst Ratings Changes

KSS has been the topic of a number of research reports. Robert W. Baird lowered their price target on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. TD Cowen lowered their price target on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Evercore ISI lowered their price target on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a report on Friday, May 31st. StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.44.

Kohl’s Company 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.