AQR Capital Management LLC Raises Stock Position in Kohl's Co. (NYSE:KSS)

AQR Capital Management LLC lifted its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 348.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,180,952 shares of the company's stock after buying an additional 1,694,162 shares during the quarter. AQR Capital Management LLC owned about 1.96% of Kohl's worth $50,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Kohl's by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company's stock valued at $361,127,000 after acquiring an additional 1,775,024 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Kohl's by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company's stock worth $147,923,000 after buying an additional 52,126 shares in the last quarter. American Century Companies Inc. increased its holdings in Kohl's by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company's stock valued at $71,126,000 after buying an additional 643,913 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Kohl's by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company's stock worth $42,175,000 after acquiring an additional 1,804,809 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Kohl's by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,647,703 shares of the company's stock worth $37,881,000 after acquiring an additional 10,925 shares in the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

Shares of KSS traded up $0.65 during midday trading on Friday, hitting $20.90. 6,705,464 shares of the company traded hands, compared to its average volume of 6,011,740. The stock has a 50-day moving average of $19.86 and a 200-day moving average of $22.64. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. Kohl's Co. has a one year low of $17.68 and a one year high of $29.60. The firm has a market cap of $2.32 billion, a P/E ratio of 8.43, a PEG ratio of 1.32 and a beta of 1.93.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.13. Kohl's had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that Kohl's Co. will post 1.8 EPS for the current fiscal year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date was Wednesday, September 11th. Kohl's's payout ratio is currently 80.65%.

Analyst Upgrades and Downgrades

KSS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Telsey Advisory Group reissued a "market perform" rating and set a $23.00 target price on shares of Kohl's in a report on Wednesday, August 28th. Evercore ISI dropped their price target on shares of Kohl's from $22.00 to $20.00 and set an "in-line" rating for the company in a research note on Thursday, August 29th. Robert W. Baird reduced their price objective on shares of Kohl's from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley lowered Kohl's to an "underweight" rating and lowered their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.29.

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.