Nisa Investment Advisors LLC Trims Holdings in Kohl’s Co. (NYSE:KSS)

Nisa Investment Advisors LLC trimmed its stake in Kohl’s Co. (NYSE:KSS) by 39.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,600 shares of the company’s stock after selling 13,662 shares during the period. Nisa Investment Advisors LLC’s holdings in Kohl’s were worth $591,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Starboard Value LP purchased a new stake in Kohl’s during the 1st quarter worth approximately $201,401,000. BlackRock Inc. increased its stake in Kohl’s by 25.3% during the 1st quarter. BlackRock Inc. now owns 13,348,222 shares of the company’s stock worth $314,217,000 after buying an additional 2,695,094 shares during the period. Bank of America Corp DE increased its stake in Kohl’s by 292.6% during the 1st quarter. Bank of America Corp DE now owns 2,449,068 shares of the company’s stock worth $57,651,000 after buying an additional 1,825,313 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Kohl’s by 24.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,013,096 shares of the company’s stock worth $227,580,000 after buying an additional 1,777,101 shares during the period. Finally, Norges Bank purchased a new stake in Kohl’s during the 4th quarter worth approximately $42,157,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KSS. Telsey Advisory Group upped their target price on shares of Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. StockNews.com raised shares of Kohl’s from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on shares of Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Citigroup dropped their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, Morgan Stanley increased their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.20.

Kohl’s Stock Down 0.9 %

Shares of NYSE:KSS opened at $22.02 on Wednesday. The stock has a market cap of $2.44 billion, a P/E ratio of 7.73, a P/E/G ratio of 1.27 and a beta of 1.98. The firm has a fifty day moving average price of $26.56 and a 200 day moving average price of $25.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. Kohl’s’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.49) EPS. Sell-side analysts predict that Kohl’s Co. will post 2.24 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.08%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

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.