Geode Capital Management LLC Increases Stake in Kohl's Co. (NYSE:KSS)

Geode Capital Management LLC increased its stake in Kohl's Co. (NYSE:KSS - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,826,101 shares of the company's stock after acquiring an additional 91,608 shares during the period. Geode Capital Management LLC owned about 1.64% of Kohl's worth $38,541,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its position in shares of Kohl's by 183.8% during 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 during the last quarter. Farther Finance Advisors LLC grew its position in Kohl's by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock valued at $40,000 after acquiring an additional 1,034 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Kohl's during the second quarter valued at approximately $49,000. Quest Partners LLC bought a new stake in shares of Kohl's in the 3rd quarter worth approximately $60,000. Finally, Signaturefd LLC boosted its stake in shares of Kohl's by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company's stock valued at $84,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Trading Up 0.7 %

NYSE:KSS traded up $0.10 during trading hours on Wednesday, hitting $14.39. The company had a trading volume of 4,086,430 shares, compared to its average volume of 6,724,812. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a 52 week low of $13.77 and a 52 week high of $29.60. The company has a market capitalization of $1.60 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.88. The stock has a 50-day moving average price of $16.93 and a 200 day moving average price of $19.33.

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

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.90%. Kohl's's dividend payout ratio is presently 90.09%.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl's stock in a transaction that occurred 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 directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on KSS shares. Morgan Stanley decreased their target price on shares of 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 downgraded Kohl's from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Guggenheim cut Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Gordon Haskett cut Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 price target on the stock. in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group dropped their price objective on Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.22.

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.