Pacer Advisors Inc. Has $349.67 Million Stock Position in Kohl's Co. (NYSE:KSS)

Pacer Advisors Inc. grew its stake in Kohl's Co. (NYSE:KSS - Free Report) by 149.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,572,086 shares of the company's stock after acquiring an additional 9,925,878 shares during the quarter. Pacer Advisors Inc. owned 14.90% of Kohl's worth $349,671,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KSS. Security National Bank bought a new stake in Kohl's during the 2nd quarter worth about $34,000. 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 worth $40,000 after buying an additional 1,034 shares in the last quarter. CWM LLC lifted its position in Kohl's by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after purchasing an additional 948 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Kohl's during the 2nd quarter worth approximately $49,000. Finally, Summit Securities Group LLC increased its stake in shares of Kohl's by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock valued at $55,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Stock Performance

Kohl's stock traded up $0.11 during midday trading on Thursday, hitting $16.42. 6,251,943 shares of the company's stock were exchanged, compared to its average volume of 6,047,905. Kohl's Co. has a 12-month low of $16.12 and a 12-month high of $29.60. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The firm's 50 day simple moving average is $19.06 and its 200 day simple moving average is $20.99.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.13. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts predict that Kohl's Co. will post 1.81 EPS for the current year.

Kohl's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 12.18%. Kohl's's payout ratio is presently 78.43%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 target price on shares of Kohl's in a research report on Wednesday, August 28th. Evercore ISI dropped their price target on Kohl's from $22.00 to $20.00 and set an "in-line" rating on the stock in a research note on Thursday, August 29th. Robert W. Baird dropped their price objective on Kohl's from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Morgan Stanley cut shares of Kohl's to an "underweight" rating and decreased their price objective for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. lowered shares of Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.43.

Insider Transactions at Kohl's

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company's stock.

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.