Aristeia Capital L.L.C. Sells 16,988 Shares of Kohl’s Co. (NYSE:KSS)

Aristeia Capital L.L.C. decreased its position in Kohl’s Co. (NYSE:KSS) by 51.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,185 shares of the company’s stock after selling 16,988 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Kohl’s were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KSS. Security National Bank purchased a new stake in Kohl’s during the second quarter valued at $34,000. CWM LLC raised its position in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Kohl’s in the 1st quarter valued at about $54,000. Summit Securities Group LLC grew its position in Kohl’s by 50.0% in the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Kohl’s by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after acquiring an additional 523 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Price Performance

Shares of KSS stock opened at $19.78 on Wednesday. The company has a market capitalization of $2.20 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.32 and a beta of 1.93. The company’s 50-day simple moving average is $19.96 and its two-hundred day simple moving average is $22.75. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data 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. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Kohl’s’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kohl’s Co. will post 1.8 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. Investors of record on Wednesday, September 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.11%. The ex-dividend date of this dividend is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Robert W. Baird lowered their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating 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. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Thursday, August 29th. Finally, Evercore ISI reduced their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $20.67.

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.