Infrastructure Capital Advisors LLC Buys 16,908 Shares of Kohl’s Co. (NYSE:KSS)

Posted by Defense World Staff on Sep 9th, 2023

Infrastructure Capital Advisors LLC boosted its stake in shares of Kohl’s Co. (NYSE:KSS – Free Report) by 80.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,996 shares of the company’s stock after buying an additional 16,908 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Kohl’s were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Kohl’s by 25.3% in the 1st quarter. BlackRock Inc. now owns 13,348,222 shares of the company’s stock worth $314,217,000 after purchasing an additional 2,695,094 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Kohl’s by 24.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,013,096 shares of the company’s stock worth $227,580,000 after purchasing an additional 1,777,101 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s by 59.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,298,377 shares of the company’s stock worth $124,718,000 after purchasing an additional 1,969,818 shares in the last quarter. State Street Corp increased its holdings in shares of Kohl’s by 12.5% in the 3rd quarter. State Street Corp now owns 4,962,073 shares of the company’s stock worth $124,796,000 after purchasing an additional 551,124 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Kohl’s by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,753,370 shares of the company’s stock worth $94,773,000 after purchasing an additional 166,199 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

NYSE:KSS opened at $24.19 on Friday. The company has a quick ratio of 0.14, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The business’s 50-day simple moving average is $26.37 and its two-hundred day simple moving average is $23.98. The stock has a market cap of $2.68 billion, a PE ratio of -23.72, a P/E/G ratio of 1.27 and a beta of 1.76. Kohl’s Co. has a 52 week low of $17.89 and a 52 week high of $35.77.

Kohl’s (NYSE:KSS – Get Free Report) last issued its earnings results on Wednesday, August 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.29. Kohl’s had a negative return on equity of 2.72% and a negative net margin of 0.59%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. As a group, analysts forecast that Kohl’s Co. will post 2.45 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 5th. This represents a $2.00 annualized dividend and a dividend yield of 8.27%. Kohl’s’s dividend payout ratio (DPR) is -196.08%.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of research reports. OTR Global upgraded Kohl’s from a “mixed” rating to a “positive” rating in a research note on Friday, August 4th. Citigroup raised their price target on Kohl’s from $19.00 to $20.00 in a research note on Thursday, May 25th. StockNews.com initiated coverage on Kohl’s in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America lowered their target price on Kohl’s from $25.00 to $22.00 in a research report on Thursday, May 25th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 target price (up from $24.00) on shares of Kohl’s in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus price target of $26.58.

View Our Latest Report on Kohl’s

Kohl’s Company Profile

(Free Report)

Kohl's Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.