Summit Securities Group LLC Has $201,000 Holdings in Kohl’s Co. (NYSE:KSS)

Summit Securities Group LLC grew its holdings in Kohl’s Co. (NYSE:KSS) by 694.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,300 shares of the company’s stock after buying an additional 12,500 shares during the period. Summit Securities Group LLC’s holdings in Kohl’s were worth $201,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. FMR LLC grew its position in Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after purchasing an additional 740,398 shares in the last quarter. Norges Bank acquired a new stake in shares of Kohl’s during the 4th quarter valued at $8,185,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 acquiring an additional 573,579 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Kohl’s by 11.7% in the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after acquiring an additional 433,264 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Kohl’s by 117.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock worth $6,557,000 after acquiring an additional 252,006 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KSS. Jefferies Financial Group dropped their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. UBS Group cut their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, March 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price target on shares of Kohl’s in a research report on Tuesday, March 11th. Finally, Citigroup reduced their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.10.

Insider Buying and Selling

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

Kohl’s Trading Down 2.1 %

Kohl’s stock opened at $8.43 on Friday. The business has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $15.00. The company has a quick ratio of 0.12, a current ratio of 1.05 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 has a market cap of $937.90 million, a price-to-earnings ratio of 3.80 and a beta of 1.92.

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

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid 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 yield of 5.93%. Kohl’s’s payout ratio is currently 51.02%.

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.