Kestrel Investment Management Corp Trims Position in Kohl’s Co. (NYSE:KSS)

Kestrel Investment Management Corp cut its holdings in shares of Kohl’s Co. (NYSE:KSS) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,400 shares of the company’s stock after selling 23,800 shares during the period. Kohl’s accounts for 2.4% of Kestrel Investment Management Corp’s portfolio, making the stock its 21st biggest position. Kestrel Investment Management Corp owned approximately 0.11% of Kohl’s worth $3,510,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC grew its stake in Kohl’s by 73.7% in the third quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after purchasing an additional 551,340 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Kohl’s in the third quarter worth $6,741,000. Hsbc Holdings PLC grew its stake in Kohl’s by 253.9% in the third quarter. Hsbc Holdings PLC now owns 223,932 shares of the company’s stock worth $4,724,000 after purchasing an additional 160,650 shares during the period. State of Alaska Department of Revenue grew its stake in Kohl’s by 412.3% in the fourth quarter. State of Alaska Department of Revenue now owns 68,096 shares of the company’s stock worth $1,952,000 after purchasing an additional 54,803 shares during the period. Finally, Dark Forest Capital Management LP grew its stake in Kohl’s by 137.7% in the third quarter. Dark Forest Capital Management LP now owns 515,653 shares of the company’s stock worth $10,808,000 after purchasing an additional 298,693 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

Shares of NYSE:KSS traded up $0.34 during midday trading on Friday, reaching $23.19. 5,011,147 shares of the company’s stock traded hands, compared to its average volume of 5,402,769. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.22 and a beta of 1.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.20 and a current ratio of 1.31. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.65. The stock has a 50 day moving average of $26.40 and a 200 day moving average of $25.13.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the company posted ($2.49) earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Kohl’s Co. will post 2.24 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio is 70.18%.

Analysts Set New Price Targets

KSS has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Morgan Stanley boosted their target price on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. TD Cowen boosted their target price on Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Telsey Advisory Group boosted their target price on Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Finally, Citigroup dropped their target price on Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and a consensus price target of $24.20.

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.