American Century Companies Inc. Grows Stake in Kohl’s Co. (NYSE:KSS)

American Century Companies Inc. grew its position in shares of Kohl’s Co. (NYSE:KSS) by 26.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,093,773 shares of the company’s stock after acquiring an additional 643,913 shares during the period. American Century Companies Inc. owned about 2.78% of Kohl’s worth $71,126,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Security National Bank purchased a new position in Kohl’s during the second quarter valued at $34,000. CWM LLC increased its stake in shares of Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after acquiring an additional 948 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Kohl’s during the 1st quarter valued at about $54,000. Summit Securities Group LLC boosted its stake in Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Kohl’s by 32.5% in the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after purchasing an additional 523 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Thursday, August 29th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Robert W. Baird reduced their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. StockNews.com lowered Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Finally, Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and cut their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and a consensus target price of $20.67.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $19.72 on Friday. The business has a 50-day simple moving average of $20.44 and a two-hundred day simple moving average of $23.20. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. Kohl’s Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect that Kohl’s Co. will post 1.81 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio is 80.65%.

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.