Geode Capital Management LLC Increases Stake in Kohl’s Co. (NYSE:KSS)

Geode Capital Management LLC grew its stake in shares of Kohl’s Co. (NYSE:KSS) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,826,101 shares of the company’s stock after purchasing an additional 91,608 shares during the quarter. Geode Capital Management LLC owned approximately 1.64% of Kohl’s worth $38,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s during the second quarter worth about $49,000. Quest Partners LLC bought a new stake in shares of Kohl’s in the third quarter worth about $60,000. Finally, Blue Trust Inc. increased its holdings in Kohl’s by 1,756.0% during the 3rd quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock valued at $88,000 after purchasing an additional 3,635 shares during the period. Institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KSS. Telsey Advisory Group decreased their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Citigroup dropped their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a report on Thursday, August 29th. Finally, TD Cowen decreased their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average target price of $17.22.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % 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 Trading Up 0.7 %

Shares of NYSE KSS opened at $14.39 on Wednesday. The company has a market cap of $1.60 billion, a PE ratio of 6.48, a P/E/G ratio of 1.42 and a beta of 1.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The firm’s 50 day moving average price is $17.04 and its 200-day moving average price is $19.39. Kohl’s Co. has a 52-week low of $13.77 and a 52-week high of $29.60.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.90%. Kohl’s’s dividend payout ratio is presently 90.09%.

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.