Kohl’s Co. (NYSE:KSS) Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in Kohl’s Co. (NYSE:KSS) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,400 shares of the company’s stock after selling 12,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Kohl’s worth $2,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KSS. Barclays PLC lifted its holdings in Kohl’s by 73.7% in the third quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after acquiring an additional 551,340 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in Kohl’s during the 3rd quarter valued at approximately $6,741,000. Illinois Municipal Retirement Fund bought a new position in Kohl’s during the 4th quarter worth $1,950,000. Hsbc Holdings PLC increased its position in Kohl’s by 253.9% in the third quarter. Hsbc Holdings PLC now owns 223,932 shares of the company’s stock worth $4,724,000 after buying an additional 160,650 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Kohl’s by 412.3% in the fourth quarter. State of Alaska Department of Revenue now owns 68,096 shares of the company’s stock valued at $1,952,000 after buying an additional 54,803 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Price Performance

NYSE:KSS opened at $23.93 on Thursday. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The business’s 50-day moving average price is $25.48 and its 200 day moving average price is $25.63. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.65. The firm has a market cap of $2.65 billion, a P/E ratio of 8.40, a PEG ratio of 1.35 and a beta of 2.01.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.39. The company had revenue of $5.71 billion for 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%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.49) EPS. As a group, sell-side analysts predict that Kohl’s Co. will post 2.24 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KSS shares. StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Citigroup reduced their price objective on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Morgan Stanley raised their target price on Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Finally, Telsey Advisory Group boosted their price target on Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus price target of $24.20.

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.