Quantbot Technologies LP Sells 167,371 Shares of Kohl’s Co. (NYSE:KSS)

Quantbot Technologies LP trimmed its holdings in shares of Kohl’s Co. (NYSE:KSS) by 58.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 119,194 shares of the company’s stock after selling 167,371 shares during the period. Quantbot Technologies LP owned approximately 0.11% of Kohl’s worth $2,740,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina lifted its position in shares of Kohl’s by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company’s stock worth $1,406,000 after buying an additional 470 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kohl’s by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after purchasing an additional 523 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Kohl’s by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 4,581 shares of the company’s stock worth $131,000 after purchasing an additional 572 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Kohl’s by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after purchasing an additional 623 shares during the last quarter. Finally, Summit Securities Group LLC increased its position in shares of Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after purchasing an additional 800 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KSS has been the topic of several research analyst reports. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Morgan Stanley lowered Kohl’s to an “underweight” rating and reduced their price objective for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Finally, Evercore ISI lowered their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kohl’s has an average rating of “Hold” and a consensus price target of $20.67.

Kohl’s Trading Down 0.9 %

KSS stock opened at $18.73 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The company has a market cap of $2.08 billion, a P/E ratio of 7.55, a PEG ratio of 1.32 and a beta of 1.93. The business has a fifty day moving average of $20.30 and a 200-day moving average of $23.04.

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

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 10.68%. Kohl’s’s payout ratio is presently 80.65%.

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.