Hsbc Holdings PLC increased its stake in Kohl’s Corporation (NYSE:KSS – Free Report) by 1,497.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,141,932 shares of the company’s stock after purchasing an additional 1,070,457 shares during the quarter. Hsbc Holdings PLC owned 1.02% of Kohl’s worth $23,406,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of Kohl’s by 3,777.6% in the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after buying an additional 1,851 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Kohl’s by 233.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock valued at $34,000 after acquiring an additional 1,167 shares during the period. iSAM Funds UK Ltd purchased a new position in Kohl’s in the third quarter worth about $39,000. Plato Investment Management Ltd bought a new stake in shares of Kohl’s during the 4th quarter valued at about $42,000. Finally, Hantz Financial Services Inc. increased its position in shares of Kohl’s by 164.7% during the 4th quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock valued at $43,000 after purchasing an additional 1,308 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.
Kohl’s Stock Performance
Shares of NYSE KSS opened at $18.92 on Thursday. The stock has a market cap of $2.15 billion, a PE ratio of 8.02 and a beta of 1.45. Kohl’s Corporation has a 1 year low of $7.99 and a 1 year high of $25.22. The firm has a fifty day moving average price of $14.82 and a 200-day moving average price of $16.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 0.31.
Kohl’s Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Kohl’s’s dividend payout ratio (DPR) is currently 21.19%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Kohl’s from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. UBS Group lifted their price target on shares of Kohl’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. cut their price objective on shares of Kohl’s from $22.00 to $15.00 and set an “underweight” rating for the company in a research report on Tuesday, March 10th. BTIG Research restated a “neutral” rating on shares of Kohl’s in a research note on Tuesday, March 10th. Finally, Wall Street Zen cut Kohl’s from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, Kohl’s currently has an average rating of “Reduce” and a consensus target price of $14.85.
Read Our Latest Research Report on KSS
Kohl’s Company Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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