Caxton Associates LP Sells 73,556 Shares of Kohl’s Co. (NYSE:KSS)

Caxton Associates LP decreased its holdings in Kohl’s Co. (NYSE:KSS) by 73.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,331 shares of the company’s stock after selling 73,556 shares during the quarter. Caxton Associates LP’s holdings in Kohl’s were worth $605,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Morgan Stanley lowered Kohl’s to an “underweight” rating and lowered their target price for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. downgraded shares of 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. Finally, Evercore ISI lowered their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.29.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $20.25 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $2.25 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.32 and a beta of 1.93. The business has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $22.72. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. Equities analysts predict that Kohl’s Co. will post 1.8 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.88%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is 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.