Victory Capital Management Inc. Has $969,000 Stock Holdings in Kohl’s Co. (NYSE:KSS)

Victory Capital Management Inc. lifted its position in Kohl’s Co. (NYSE:KSS) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,133 shares of the company’s stock after purchasing an additional 2,422 shares during the quarter. Victory Capital Management Inc.’s holdings in Kohl’s were worth $969,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Security National Bank acquired a new position in Kohl’s in the second quarter valued at about $34,000. Register Financial Advisors LLC bought a new position in shares of Kohl’s in the first quarter valued at approximately $54,000. CWM LLC boosted its holdings in shares of Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after acquiring an additional 948 shares in the last quarter. GAMMA Investing LLC grew its position in Kohl’s by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after acquiring an additional 523 shares during the last quarter. Finally, Summit Securities Group LLC increased its holdings in Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of KSS stock opened at $18.68 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.60. The firm has a fifty day moving average of $20.07 and a 200-day moving average of $22.92. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93.

Kohl’s (NYSE:KSS) last posted its 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 analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, equities research analysts forecast that Kohl’s Co. will post 1.81 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 11th. This represents a $2.00 annualized dividend and a yield of 10.71%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

Wall Street Analyst Weigh In

KSS has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Finally, Evercore ISI decreased their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.67.

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.