Seven Eight Capital LP Decreases Position in Kohl’s Co. (NYSE:KSS)

Seven Eight Capital LP lessened its holdings in Kohl’s Co. (NYSE:KSS) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,679 shares of the company’s stock after selling 27,563 shares during the quarter. Seven Eight Capital LP owned 0.16% of Kohl’s worth $3,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KSS. Vanguard Group Inc. grew its holdings in Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after acquiring an additional 1,775,024 shares during the last quarter. Norges Bank bought a new stake in Kohl’s in the 4th quarter worth $34,583,000. Vision One Management Partners LP bought a new stake in Kohl’s in the 4th quarter worth $28,413,000. SG Americas Securities LLC grew its holdings in Kohl’s by 518.9% in the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after acquiring an additional 716,919 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after acquiring an additional 643,913 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 0.9 %

Shares of Kohl’s stock opened at $18.73 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The stock has a market capitalization of $2.08 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.60. The company has a 50-day simple moving average of $20.30 and a two-hundred day simple moving average of $23.04.

Kohl’s (NYSE:KSS) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. On average, analysts anticipate that Kohl’s Co. will post 1.81 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.68%. Kohl’s’s payout ratio is 80.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KSS. Robert W. Baird cut their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Evercore ISI lowered their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average target price of $20.67.

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.