Kohl’s Co. (NYSE:KSS) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Kohl’s Co. (NYSE:KSS) by 22.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,300 shares of the company’s stock after acquiring an additional 6,549 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kohl’s were worth $766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KSS. Security National Bank acquired a new stake in Kohl’s during the second quarter valued at $34,000. CWM LLC lifted its position in shares of Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Kohl’s in the second quarter worth about $49,000. Summit Securities Group LLC lifted its position in shares of Kohl’s by 50.0% in the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after buying an additional 800 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Kohl’s by 1,756.0% in the third quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock worth $88,000 after purchasing an additional 3,635 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KSS. Robert W. Baird dropped their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley lowered Kohl’s to an “underweight” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.29.

Kohl’s Stock Down 0.4 %

NYSE:KSS opened at $18.02 on Tuesday. The stock’s fifty day moving average price is $19.52 and its two-hundred day moving average price is $21.52. Kohl’s Co. has a 52-week low of $17.89 and a 52-week high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 1.28 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, analysts anticipate that Kohl’s Co. will post 1.8 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.10%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s payout ratio is 78.43%.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

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.