Kohl's Co. (NYSE:KSS) Shares Purchased by Fmr LLC

FMR LLC grew its position in Kohl's Co. (NYSE:KSS - Free Report) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,576,274 shares of the company's stock after acquiring an additional 740,398 shares during the quarter. FMR LLC owned 6.81% of Kohl's worth $159,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KSS. Tidal Investments LLC increased its stake in Kohl's by 23.0% in the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company's stock worth $465,000 after acquiring an additional 2,982 shares during the last quarter. CWM LLC increased its position in shares of Kohl's by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company's stock valued at $44,000 after purchasing an additional 948 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Kohl's by 19.5% during the 2nd quarter. Annex Advisory Services LLC now owns 196,637 shares of the company's stock valued at $4,521,000 after purchasing an additional 32,034 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Kohl's by 2.4% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 320,070 shares of the company's stock valued at $7,358,000 after purchasing an additional 7,419 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Kohl's by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company's stock valued at $19,658,000 after purchasing an additional 716,919 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Stock Up 0.3 %

Shares of NYSE KSS traded up $0.04 during mid-day trading on Wednesday, reaching $15.29. 7,181,991 shares of the company were exchanged, compared to its average volume of 6,493,364. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 1.48 and a beta of 1.88. Kohl's Co. has a 1 year low of $14.22 and a 1 year high of $29.60. The firm has a 50-day moving average of $18.38 and a 200 day moving average of $20.35.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the company earned $0.53 earnings per share. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. On average, research analysts expect that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The firm 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.08%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl's's dividend payout ratio is currently 90.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KSS shares. Citigroup cut their target price on Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley cut their target price on Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, November 25th. Robert W. Baird cut Kohl's from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. TD Cowen dropped their price objective on Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, Kohl's presently has a consensus rating of "Hold" and an average price target of $17.22.

Insider Activity at Kohl's

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

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.