Fmr LLC Grows Position in Kohl’s Co. (NYSE:KSS)

Fmr LLC grew its stake in Kohl’s Co. (NYSE:KSS) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,576,274 shares of the company’s stock after buying an additional 740,398 shares during the quarter. Fmr LLC owned approximately 6.81% of Kohl’s worth $159,859,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KSS. Brown Brothers Harriman & Co. increased its stake in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Kohl’s in the 3rd quarter worth $735,000. Cerity Partners LLC raised its holdings in Kohl’s by 73.9% during the third quarter. Cerity Partners LLC now owns 27,613 shares of the company’s stock valued at $583,000 after acquiring an additional 11,734 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Kohl’s by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company’s stock valued at $36,208,000 after acquiring an additional 101,480 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KSS shares. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a report on Thursday, August 29th. Telsey Advisory Group lowered their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. TD Cowen cut their target price 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. Guggenheim downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Citigroup dropped their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s Price Performance

Shares of KSS stock opened at $15.25 on Wednesday. The stock has a 50 day moving average price of $18.47 and a 200 day moving average price of $20.39. The firm has a market capitalization of $1.70 billion, a P/E ratio of 6.87, a P/E/G ratio of 1.48 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. Kohl’s Co. has a 52-week low of $14.22 and a 52-week high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly 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). The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. As a group, sell-side analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.11%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’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 transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

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.