Leonteq Securities AG acquired a new stake in Kohl’s Corporation (NYSE:KSS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 56,932 shares of the company’s stock, valued at approximately $1,162,000. Leonteq Securities AG owned 0.05% of Kohl’s at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 233.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock valued at $34,000 after acquiring an additional 1,167 shares during the period. IFP Advisors Inc boosted its position in shares of Kohl’s by 3,777.6% in the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after acquiring an additional 1,851 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Kohl’s in the fourth quarter valued at approximately $42,000. iSAM Funds UK Ltd bought a new stake in shares of Kohl’s in the third quarter valued at approximately $39,000. Finally, Westfuller Advisors LLC bought a new stake in shares of Kohl’s in the fourth quarter valued at approximately $53,000. 98.04% of the stock is owned by institutional investors.
Kohl’s Stock Up 4.3%
Shares of KSS stock opened at $12.74 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 5.40 and a beta of 1.46. Kohl’s Corporation has a one year low of $7.47 and a one year high of $25.22. The stock has a fifty day moving average price of $13.38 and a 200 day moving average price of $17.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.37.
Kohl’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, June 10th. Kohl’s’s dividend payout ratio is currently 21.19%.
Analysts Set New Price Targets
KSS has been the subject of several research reports. UBS Group increased their price objective on Kohl’s from $7.00 to $8.00 and gave the company a “sell” rating in a research report on Wednesday, March 11th. Wall Street Zen cut Kohl’s from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Citigroup reduced their price objective on Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Robert W. Baird reduced their target price on Kohl’s from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group reduced their target price on Kohl’s from $22.00 to $15.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $14.77.
Get Our Latest Research Report on Kohl’s
Kohl’s Company Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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