Kohl’s Co. (NYSE:KSS) Stake Reduced by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Kohl’s Co. (NYSE:KSS) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,889,216 shares of the company’s stock after selling 10,963 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Kohl’s worth $166,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KSS. American Century Companies Inc. raised its position in shares of Kohl’s by 11.7% during the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after purchasing an additional 433,264 shares during the period. Allianz Asset Management GmbH increased its stake in Kohl’s by 3.3% in the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock worth $51,190,000 after purchasing an additional 117,819 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kohl’s by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after buying an additional 91,608 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Kohl’s by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after buying an additional 55,540 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Kohl’s by 155.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after buying an additional 573,579 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KSS shares. 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, March 11th. Robert W. Baird cut their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Citigroup decreased their target price on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Kohl’s in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.87.

Kohl’s Trading Up 7.6 %

Shares of NYSE KSS opened at $7.15 on Monday. The business has a 50 day simple moving average of $10.75 and a 200 day simple moving average of $14.57. Kohl’s Co. has a 52 week low of $6.04 and a 52 week high of $28.25. The stock has a market cap of $795.41 million, a price-to-earnings ratio of 3.22 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

Kohl’s (NYSE:KSS) last posted 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 company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, research analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. The ex-dividend date was Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 7.00%. Kohl’s’s dividend payout ratio (DPR) 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.