Cantor Fitzgerald Investment Advisors L.P. Has $417,000 Position in Kohl’s Corporation (NYSE:KSS)

Cantor Fitzgerald Investment Advisors L.P. lessened its stake in shares of Kohl’s Corporation (NYSE:KSS) by 33.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,945 shares of the company’s stock after selling 25,350 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Kohl’s were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vident Advisory LLC grew its stake in shares of Kohl’s by 9.3% in the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after acquiring an additional 967 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Kohl’s by 1.7% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock worth $830,000 after acquiring an additional 972 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Kohl’s by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock worth $246,000 after acquiring an additional 1,232 shares in the last quarter. Platinum Investment Management Ltd. grew its stake in shares of Kohl’s by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Kohl’s by 2.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock worth $842,000 after acquiring an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on KSS shares. Wall Street Zen upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Morgan Stanley reduced their price target on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their price target on shares of Kohl’s from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Monday, May 19th. Robert W. Baird increased their price target on shares of Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. Finally, UBS Group reduced their price target on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.75.

Kohl’s Stock Down 1.1%

KSS opened at $8.23 on Friday. The company has a 50 day moving average of $7.68 and a 200 day moving average of $10.36. The company has a market cap of $921.87 million, a PE ratio of 7.55 and a beta of 1.66. Kohl’s Corporation has a 12 month low of $6.04 and a 12 month high of $24.83. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.09. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. Kohl’s’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned ($0.24) EPS. On average, sell-side analysts expect that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.08%. The ex-dividend date is Wednesday, June 11th. Kohl’s’s dividend payout ratio (DPR) is presently 45.87%.

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.