Blue Trust Inc. Buys 3,635 Shares of Kohl’s Co. (NYSE:KSS)

Blue Trust Inc. raised its stake in shares of Kohl’s Co. (NYSE:KSS) by 1,756.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,842 shares of the company’s stock after purchasing an additional 3,635 shares during the period. Blue Trust Inc.’s holdings in Kohl’s were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its stake in shares of Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after buying an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Kohl’s by 22.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock worth $7,787,000 after acquiring an additional 49,209 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in Kohl’s by 100.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after acquiring an additional 40,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after acquiring an additional 52,126 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Kohl’s by 495.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after purchasing an additional 4,107 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Kohl’s stock opened at $18.88 on Wednesday. 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 stock has a market cap of $2.10 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 1.41 and a beta of 1.93. The firm has a 50-day moving average of $19.62 and a two-hundred day moving average of $21.63. Kohl’s Co. has a 1 year low of $17.89 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly 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 firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. Kohl’s’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, research analysts forecast that Kohl’s Co. will post 1.8 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.60%. Kohl’s’s dividend payout ratio is currently 80.65%.

Wall Street Analysts Forecast Growth

KSS has been the topic of several recent research reports. Morgan Stanley lowered Kohl’s to an “underweight” rating and decreased their price target for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research note on Thursday, August 29th. Finally, Evercore ISI dropped their target price on 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.29.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

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.