Victory Capital Management Inc. Grows Stock Holdings in Kohl’s Co. (NYSE:KSS)

Victory Capital Management Inc. grew its holdings in shares of Kohl’s Co. (NYSE:KSS) by 226.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,531 shares of the company’s stock after buying an additional 95,398 shares during the quarter. Victory Capital Management Inc. owned 0.12% of Kohl’s worth $2,902,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KSS. Squarepoint Ops LLC grew its stake in Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after buying an additional 1,804,809 shares during the period. AQR Capital Management LLC grew its stake in Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares during the period. SG Americas Securities LLC grew its stake in Kohl’s by 518.9% during the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after buying an additional 716,919 shares during the period. American Century Companies Inc. boosted its stake in shares of Kohl’s by 26.3% in 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 during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Kohl’s by 109.2% in the third quarter. International Assets Investment Management LLC now owns 546,070 shares of the company’s stock valued at $11,522,000 after purchasing an additional 285,070 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of 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 downgraded 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 note on Tuesday, August 27th. TD Cowen downgraded 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 note on Friday, August 30th. Citigroup decreased their target price on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, August 29th. Two investment 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.43.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.

Kohl’s Trading Up 3.8 %

NYSE KSS opened at $17.03 on Friday. Kohl’s Co. has a 12 month low of $16.12 and a 12 month high of $29.60. 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 has a market capitalization of $1.89 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94. The company’s fifty day moving average price is $18.94 and its two-hundred day moving average price is $20.91.

Kohl’s (NYSE:KSS) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, research analysts predict that Kohl’s Co. will post 1.77 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.74%. Kohl’s’s dividend payout ratio (DPR) is 78.43%.

About Kohl’s

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.