Vanguard Group Inc. Purchases 1,775,024 Shares of Kohl’s Co. (NYSE:KSS)

Vanguard Group Inc. raised its position in shares of Kohl’s Co. (NYSE:KSS) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,591,595 shares of the company’s stock after buying an additional 1,775,024 shares during the period. Vanguard Group Inc. owned about 11.37% of Kohl’s worth $361,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in Kohl’s by 59.7% during the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after acquiring an additional 428 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Kohl’s by 133.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock valued at $40,000 after purchasing an additional 802 shares in the last quarter. GAMMA Investing LLC bought a new position in Kohl’s in the 4th quarter worth approximately $46,000. Versant Capital Management Inc lifted its holdings in Kohl’s by 392.4% during the 4th quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock worth $49,000 after buying an additional 1,350 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new position in Kohl’s in the 4th quarter valued at $68,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 0.9 %

NYSE:KSS opened at $22.99 on Friday. The stock 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 current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $24.05 and a two-hundred day moving average price of $25.77. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.65.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.41 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. Kohl’s’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, equities analysts expect that Kohl’s Co. will post 1.38 earnings per share for the current year.

Kohl’s Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on KSS. Robert W. Baird cut their price target on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. JPMorgan Chase & Co. reduced 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. Morgan Stanley boosted their price target 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. Citigroup reduced their price objective 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. Finally, Evercore ISI dropped their target price on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.44.

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.