Dimensional Fund Advisors LP Acquires 52,126 Shares of Kohl’s Co. (NYSE:KSS)

Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s Co. (NYSE:KSS) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,434,081 shares of the company’s stock after purchasing an additional 52,126 shares during the period. Dimensional Fund Advisors LP owned 5.79% of Kohl’s worth $147,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Kohl’s by 16.4% during the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after purchasing an additional 1,775,024 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Kohl’s by 6.4% during the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after purchasing an additional 199,618 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kohl’s by 26.3% during the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after purchasing an additional 643,913 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Kohl’s by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,647,703 shares of the company’s stock valued at $37,881,000 after acquiring an additional 10,925 shares during the last quarter. Finally, Norges Bank purchased a new stake in Kohl’s during the fourth quarter valued at approximately $34,583,000. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Price Performance

Shares of KSS opened at $18.68 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The company’s fifty day moving average price is $20.07 and its 200-day moving average price is $22.88. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.60. The firm has a market capitalization of $2.08 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93.

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

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 10.71%. Kohl’s’s dividend payout ratio is presently 80.65%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KSS. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and decreased their target price for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Finally, StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.67.

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.