Arizona State Retirement System Purchases 623 Shares of Kohl’s Co. (NYSE:KSS)

Arizona State Retirement System increased its position in shares of Kohl’s Co. (NYSE:KSS) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,049 shares of the company’s stock after acquiring an additional 623 shares during the period. Arizona State Retirement System’s holdings in Kohl’s were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Security National Bank acquired a new stake in shares of Kohl’s in the 2nd quarter valued at $34,000. Register Financial Advisors LLC bought a new stake in shares of Kohl’s during the 1st quarter worth $54,000. CWM LLC boosted its stake in Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. GAMMA Investing LLC grew its position in Kohl’s by 32.5% in the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after acquiring an additional 523 shares during the last quarter. Finally, Summit Securities Group LLC raised 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. 98.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Kohl’s Stock Performance

Shares of KSS stock opened at $19.72 on Monday. The stock has a market capitalization of $2.19 billion, a PE ratio of 7.95, a PEG ratio of 1.32 and a beta of 1.93. The business’s 50 day simple moving average is $20.44 and its 200 day simple moving average is $23.17. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS 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 analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Kohl’s Co. will post 1.81 earnings per share for the current year.

Kohl’s Dividend Announcement

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

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.