Charles Schwab Investment Management Inc. Increases Stock Position in Kohl's Co. (NYSE:KSS)

Charles Schwab Investment Management Inc. increased its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,771,546 shares of the company's stock after purchasing an additional 55,540 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.59% of Kohl's worth $24,873,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in shares of Kohl's by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after purchasing an additional 917 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl's in the 4th quarter valued at $26,000. Bogart Wealth LLC purchased a new stake in shares of Kohl's in the 4th quarter valued at $35,000. Quest Partners LLC purchased a new stake in shares of Kohl's in the 3rd quarter valued at $60,000. Finally, Quarry LP boosted its stake in shares of Kohl's by 687.4% in the 3rd quarter. Quarry LP now owns 4,858 shares of the company's stock valued at $103,000 after purchasing an additional 4,241 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KSS. Citigroup dropped their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group dropped their price target on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Baird R W cut shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Telsey Advisory Group reissued a "market perform" rating and set a $13.00 price target on shares of Kohl's in a research report on Tuesday, March 11th. Finally, Morgan Stanley dropped their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, Kohl's has an average rating of "Hold" and a consensus target price of $12.10.

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Kohl's Stock Down 2.8 %

Shares of Kohl's stock traded down $0.24 during trading on Friday, hitting $8.31. The company's stock had a trading volume of 14,331,781 shares, compared to its average volume of 7,553,391. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $15.43. The company has a market capitalization of $924.50 million, a PE ratio of 3.74 and a beta of 1.92. Kohl's Co. has a 52 week low of $7.96 and a 52 week high of $29.60.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. Kohl's's quarterly revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. Equities research analysts predict that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 6.02%. Kohl's's dividend payout ratio is currently 51.02%.

Insider Buying and Selling at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

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.