Greatmark Investment Partners Inc. Has $16.38 Million Stock Position in Kohl’s Co. (NYSE:KSS)

Greatmark Investment Partners Inc. grew its holdings in Kohl’s Co. (NYSE:KSS) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,103 shares of the company’s stock after purchasing an additional 16,500 shares during the period. Kohl’s makes up 2.6% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 13th biggest position. Greatmark Investment Partners Inc. owned about 0.52% of Kohl’s worth $16,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of KSS. Headlands Technologies LLC purchased a new stake in Kohl’s in the 3rd quarter worth approximately $25,000. CWM LLC grew its stake in Kohl’s by 59.7% in the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock valued at $33,000 after purchasing an additional 428 shares in the last quarter. Huntington National Bank raised its stake in shares of Kohl’s by 56.1% during the 3rd quarter. Huntington National Bank now owns 2,081 shares of the company’s stock worth $44,000 after purchasing an additional 748 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Kohl’s during the 4th quarter valued at about $46,000. Finally, Versant Capital Management Inc grew its stake in shares of Kohl’s by 392.4% in the 4th quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock valued at $49,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KSS. TD Cowen raised their target price on Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Morgan Stanley upped their price target on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Telsey Advisory Group increased their target price on Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. upped their price target on Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and a consensus target price of $24.20.

Kohl’s Price Performance

Shares of KSS stock traded down $0.12 during trading hours on Monday, reaching $24.41. The company’s stock had a trading volume of 1,928,622 shares, compared to its average volume of 5,422,141. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.37 and a beta of 1.98. Kohl’s Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.65. The firm’s 50 day simple moving average is $26.05 and its 200-day simple moving average is $25.43.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the previous year, the business earned ($2.49) earnings per share. Kohl’s’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s payout ratio is currently 70.18%.

Kohl’s Company 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.