Charles Schwab Investment Management Inc. Purchases 55,540 Shares of Kohl’s Co. (NYSE:KSS)

Charles Schwab Investment Management Inc. grew its position in shares of Kohl’s Co. (NYSE:KSS) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,771,546 shares of the company’s stock after acquiring an additional 55,540 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.59% of Kohl’s worth $24,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. FMR LLC lifted its position in shares of Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after purchasing an additional 740,398 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Kohl’s by 3.3% during the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock worth $51,190,000 after purchasing an additional 117,819 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kohl’s by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after purchasing an additional 91,608 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of Kohl’s by 15.6% during the third quarter. Invenomic Capital Management LP now owns 1,033,912 shares of the company’s stock worth $21,816,000 after purchasing an additional 139,519 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on KSS. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. TD Cowen decreased their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. The Goldman Sachs Group decreased their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Finally, UBS Group decreased their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.10.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $8.33 on Wednesday. The firm’s fifty day simple moving average is $12.01 and its 200-day simple moving average is $15.60. The stock has a market capitalization of $926.72 million, a price-to-earnings ratio of 3.75 and a beta of 1.92. Kohl’s Co. has a 12 month low of $7.96 and a 12 month high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. As a group, equities analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.125 per share. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.01%. Kohl’s’s payout ratio is currently 51.02%.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

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.