Kohl’s Co. (NYSE:KSS) Position Increased by KBC Group NV

KBC Group NV increased its stake in Kohl’s Co. (NYSE:KSS) by 58.5% during the 4th quarter, HoldingsChannel reports. The firm owned 5,347 shares of the company’s stock after acquiring an additional 1,974 shares during the period. KBC Group NV’s holdings in Kohl’s were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in Kohl’s by 149.3% in the 3rd 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 during the period. FMR LLC increased its position in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after acquiring an additional 740,398 shares during the period. Geode Capital Management LLC increased its position in Kohl’s by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after acquiring an additional 91,608 shares during the period. Charles Schwab Investment Management Inc. increased its position in Kohl’s by 6.3% in the 3rd 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 during the period. Finally, Invenomic Capital Management LP increased its position in Kohl’s by 15.6% in the 3rd quarter. Invenomic Capital Management LP now owns 1,033,912 shares of the company’s stock valued at $21,816,000 after acquiring an additional 139,519 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on KSS. Citigroup lowered their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. TD Cowen lowered their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research report on Tuesday, November 26th. Finally, Morgan Stanley lowered their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.70.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $12.08 on Monday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 5.44 and a beta of 1.85. The stock’s fifty day simple moving average is $13.88 and its 200 day simple moving average is $17.33. Kohl’s Co. has a 52-week low of $12.06 and a 52-week high of $29.60.

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

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 16.56%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Kohl’s 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.