Advisors Asset Management Inc. Boosts Stock Holdings in Kohl’s Co. (NYSE:KSS)

Advisors Asset Management Inc. grew its position in Kohl’s Co. (NYSE:KSS) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 504,947 shares of the company’s stock after acquiring an additional 31,028 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kohl’s were worth $10,654,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC raised its holdings in Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after acquiring an additional 1,281 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Kohl’s by 100.0% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after purchasing an additional 40,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after buying an additional 52,126 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Kohl’s by 46.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company’s stock worth $2,106,000 after buying an additional 31,577 shares during the last quarter. Finally, Hancock Whitney Corp purchased a new stake in Kohl’s in the 1st quarter valued at $1,708,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KSS shares. Citigroup reduced their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday. Robert W. Baird decreased their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Evercore ISI cut their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Finally, TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and a consensus target price of $20.43.

Kohl’s Price Performance

KSS stock opened at $16.32 on Thursday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 1.24 and a beta of 1.94. Kohl’s Co. has a fifty-two week low of $16.24 and a fifty-two week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $19.11 and a 200 day moving average price of $21.03.

Kohl’s (NYSE:KSS) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Kohl’s Co. will post 1.81 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given 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 12.26%. Kohl’s’s dividend payout ratio (DPR) is presently 78.43%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Kohl’s Company 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.