Vanguard Group Inc. increased its position in Kohl’s Corporation (NYSE:KSS – Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,181,767 shares of the company’s stock after acquiring an additional 273,500 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Kohl’s worth $248,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in Kohl’s in the 4th quarter worth $256,000. Ruffer LLP purchased a new position in shares of Kohl’s during the 4th quarter valued at about $2,623,000. M&T Bank Corp raised its stake in shares of Kohl’s by 1,325.9% during the 4th quarter. M&T Bank Corp now owns 317,630 shares of the company’s stock valued at $6,483,000 after buying an additional 295,355 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Kohl’s by 5.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 236,678 shares of the company’s stock valued at $4,831,000 after buying an additional 13,014 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Kohl’s by 93.4% during the 4th quarter. Evergreen Capital Management LLC now owns 21,403 shares of the company’s stock valued at $437,000 after buying an additional 10,336 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.
Kohl’s Price Performance
NYSE:KSS opened at $14.50 on Friday. Kohl’s Corporation has a 52 week low of $6.70 and a 52 week high of $25.22. The company has a quick ratio of 0.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1.63 billion, a PE ratio of 6.14 and a beta of 1.46. The stock’s 50-day moving average price is $14.04 and its 200-day moving average price is $17.47.
Kohl’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.4%. Kohl’s’s dividend payout ratio (DPR) is 21.19%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on KSS shares. Robert W. Baird reduced their price objective on Kohl’s from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Bank of America reduced their price objective on Kohl’s from $18.00 to $15.00 and set an “underperform” rating for the company in a research note on Thursday, March 12th. JPMorgan Chase & Co. reduced their price objective on Kohl’s from $22.00 to $15.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen lowered Kohl’s from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, BTIG Research reiterated a “neutral” rating on shares of Kohl’s in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $14.83.
View Our Latest Stock Report on KSS
Kohl’s Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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