PNC Financial Services Group Inc. Grows Stock Position in Kohl’s Co. (NYSE:KSS)

PNC Financial Services Group Inc. raised its stake in shares of Kohl’s Co. (NYSE:KSS) by 21.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,567 shares of the company’s stock after buying an additional 2,754 shares during the period. PNC Financial Services Group Inc.’s holdings in Kohl’s were worth $446,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Kohl’s by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after acquiring an additional 1,775,024 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kohl’s by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,800,864 shares of the company’s stock worth $166,375,000 after buying an additional 366,660 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Kohl’s by 6.4% in the 4th quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock worth $95,813,000 after buying an additional 199,618 shares during the last quarter. American Century Companies Inc. boosted its holdings in Kohl’s by 38.5% in the 3rd quarter. American Century Companies Inc. now owns 1,686,202 shares of the company’s stock worth $35,343,000 after buying an additional 468,602 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kohl’s by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,501,527 shares of the company’s stock worth $43,064,000 after buying an additional 143,443 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 0.9 %

Shares of NYSE KSS opened at $22.99 on Friday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 2.11 and a beta of 1.90. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.65. The business’s 50 day moving average is $24.05 and its two-hundred day moving average is $25.77.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.41 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The business’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Research analysts predict that Kohl’s Co. will post 1.38 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.70%. Kohl’s’s payout ratio is currently 80.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com cut Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. TD Cowen decreased their target price on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Citigroup decreased their target price on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. JPMorgan Chase & Co. decreased their target price on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Finally, Morgan Stanley raised their target price on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.44.

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.