Allspring Global Investments Holdings LLC Acquires 4,107 Shares of Kohl’s Co. (NYSE:KSS)

Allspring Global Investments Holdings LLC lifted its holdings in Kohl’s Co. (NYSE:KSS) by 495.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,936 shares of the company’s stock after acquiring an additional 4,107 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kohl’s were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KSS. Hsbc Holdings PLC raised its holdings in Kohl’s by 254.9% during the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock valued at $22,822,000 after buying an additional 570,745 shares during the last quarter. Norges Bank bought a new stake in Kohl’s during the 4th quarter valued at $34,583,000. Allianz Asset Management GmbH raised its holdings in Kohl’s by 6.4% during the 4th quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after buying an additional 199,618 shares during the last quarter. GAMMA Investing LLC raised its holdings in Kohl’s by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after buying an additional 523 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in Kohl’s during the 4th quarter valued at $1,950,000. 98.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KSS shares. Evercore ISI reduced their price objective on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a research report on Friday, May 31st. Robert W. Baird reduced their price objective on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. TD Cowen reduced their price objective on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Telsey Advisory Group reissued a “market perform” rating and set a $28.00 price objective on shares of Kohl’s in a research report on Thursday, May 30th. Finally, StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average target price of $22.44.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $22.81 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65. The company has a market capitalization of $2.54 billion, a P/E ratio of 9.20, a P/E/G ratio of 2.03 and a beta of 1.95. The firm’s 50 day simple moving average is $23.64 and its two-hundred day simple moving average is $25.43.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.28). The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.41 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. Research analysts expect that Kohl’s Co. will post 1.38 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date was Wednesday, June 12th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

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.