Kohl’s Co. (NYSE:KSS) Holdings Trimmed by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Kohl’s Co. (NYSE:KSSGet Rating) by 9.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,200 shares of the company’s stock after selling 2,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kohl’s were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Kohl’s by 172.6% during the 1st quarter. Allworth Financial LP now owns 616 shares of the company’s stock valued at $37,000 after buying an additional 390 shares during the period. TCI Wealth Advisors Inc. boosted its stake in shares of Kohl’s by 187.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 609 shares of the company’s stock valued at $37,000 after buying an additional 397 shares during the period. Cornerstone Advisory LLC acquired a new stake in shares of Kohl’s during the 4th quarter valued at $42,000. Future Financial Wealth Managment LLC boosted its stake in shares of Kohl’s by 40.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 700 shares of the company’s stock valued at $42,000 after buying an additional 200 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Kohl’s during the 1st quarter valued at $49,000. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jonas Prising acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average price of $29.67 per share, with a total value of $296,700.00. Following the completion of the transaction, the director now owns 60,647 shares of the company’s stock, valued at $1,799,396.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kohl’s news, Director Peter Boneparth purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was purchased at an average price of $30.01 per share, with a total value of $750,250.00. Following the completion of the transaction, the director now directly owns 70,700 shares of the company’s stock, valued at approximately $2,121,707. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonas Prising purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average cost of $29.67 per share, with a total value of $296,700.00. Following the transaction, the director now directly owns 60,647 shares of the company’s stock, valued at $1,799,396.49. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

Kohl’s Stock Down 3.5 %

Kohl’s stock opened at $26.93 on Friday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 5.30, a P/E/G ratio of 1.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.37 and a quick ratio of 0.18. Kohl’s Co. has a fifty-two week low of $26.07 and a fifty-two week high of $64.38. The firm has a fifty day moving average price of $29.73 and a two-hundred day moving average price of $42.39.

Kohl’s (NYSE:KSSGet Rating) last posted its quarterly earnings data on Thursday, August 18th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.91 billion. Kohl’s had a net margin of 3.70% and a return on equity of 15.04%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.48 EPS. As a group, analysts forecast that Kohl’s Co. will post 3 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date was Tuesday, September 6th. Kohl’s’s dividend payout ratio is currently 39.45%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group decreased their target price on shares of Kohl’s from $55.00 to $35.00 and set a “market perform” rating for the company in a research note on Tuesday, July 5th. Cowen lowered shares of Kohl’s from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $60.00 to $35.00 in a research note on Thursday, August 4th. UBS Group reduced their price objective on shares of Kohl’s from $32.00 to $20.00 in a research note on Friday, July 15th. Bank of America lowered shares of Kohl’s from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $50.00 to $26.00 in a research note on Thursday, July 7th. Finally, Morgan Stanley reduced their price objective on shares of Kohl’s from $38.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, July 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.87.

About Kohl’s

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Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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