Vanguard Group Inc. Buys 1,775,024 Shares of Kohl's Co. (NYSE:KSS)

Vanguard Group Inc. raised its stake in Kohl's Co. (NYSE:KSS - Free Report) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,591,595 shares of the company's stock after purchasing an additional 1,775,024 shares during the quarter. Vanguard Group Inc. owned about 11.37% of Kohl's worth $361,127,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC raised its position in Kohl's by 59.7% in the fourth quarter. CWM LLC now owns 1,145 shares of the company's stock valued at $33,000 after purchasing an additional 428 shares during the period. Treasurer of the State of North Carolina raised its position in Kohl's by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company's stock valued at $1,406,000 after purchasing an additional 470 shares during the period. Signaturefd LLC raised its position in Kohl's by 20.3% in the fourth quarter. Signaturefd LLC now owns 3,278 shares of the company's stock valued at $94,000 after purchasing an additional 553 shares during the period. Parallel Advisors LLC raised its position in Kohl's by 14.3% in the fourth quarter. Parallel Advisors LLC now owns 4,581 shares of the company's stock valued at $131,000 after purchasing an additional 572 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in Kohl's by 133.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company's stock valued at $40,000 after purchasing an additional 802 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KSS has been the topic of several research reports. StockNews.com lowered Kohl's from a "buy" rating to a "hold" rating in a research report on Friday, May 31st. Citigroup dropped their target price on Kohl's from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $28.00 target price on shares of Kohl's in a research report on Thursday, May 30th. Evercore ISI dropped their target price on Kohl's from $24.00 to $22.00 and set an "in-line" rating on the stock in a research report on Friday, May 31st. Finally, Morgan Stanley lifted their target price on Kohl's from $18.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.44.

Kohl's Stock Down 0.9 %

Kohl's stock traded down $0.22 during midday trading on Friday, hitting $22.99. The stock had a trading volume of 4,766,123 shares, compared to its average volume of 6,132,745. The company has a current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12. The stock has a market cap of $2.56 billion, a P/E ratio of 9.27, a P/E/G ratio of 2.10 and a beta of 1.90. Kohl's Co. has a 12 month low of $17.68 and a 12 month high of $29.65. The business has a fifty day moving average price of $24.05 and a 200 day moving average price of $25.77.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.28). The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.41 billion. Kohl's had a net margin of 1.60% and a return on equity of 7.27%. The business's revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Research analysts predict that Kohl's Co. will post 1.38 EPS for the current year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.00 annualized dividend and a yield of 8.70%. Kohl's's payout ratio is 80.65%.

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.