Ironwood Investment Management LLC Buys 13,200 Shares of Kohl’s Co. (NYSE:KSS)

Ironwood Investment Management LLC increased its position in Kohl’s Co. (NYSE:KSS) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after buying an additional 13,200 shares during the period. Ironwood Investment Management LLC owned 0.09% of Kohl’s worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KSS. Commonwealth Equity Services LLC grew its holdings in shares of Kohl’s by 117.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock valued at $6,557,000 after purchasing an additional 252,006 shares in the last quarter. Swiss National Bank increased its holdings in shares of Kohl’s by 0.7% in the 4th quarter. Swiss National Bank now owns 218,800 shares of the company’s stock worth $3,072,000 after buying an additional 1,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after buying an additional 573,579 shares in the last quarter. Summit X LLC lifted its holdings in shares of Kohl’s by 7.0% in the 4th quarter. Summit X LLC now owns 28,189 shares of the company’s stock valued at $396,000 after acquiring an additional 1,835 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Kohl’s by 275.3% in the fourth quarter. AlphaQuest LLC now owns 10,637 shares of the company’s stock worth $149,000 after acquiring an additional 7,803 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Stock Down 2.4 %

Shares of NYSE KSS opened at $8.02 on Friday. The stock has a market capitalization of $892.33 million, a PE ratio of 3.61 and a beta of 1.92. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl’s Co. has a 12-month low of $7.96 and a 12-month high of $29.60. The stock’s fifty day simple moving average is $12.23 and its two-hundred day simple moving average is $15.81.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 earnings per share. As a group, analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.24%. Kohl’s’s payout ratio is 90.09%.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KSS shares. TD Cowen lowered their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. JPMorgan Chase & Co. cut their price target on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday. Robert W. Baird lowered their price objective on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Morgan Stanley reduced their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.56.

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.