Paragon Capital Management Inc. Takes Position in Kohl's Co. (NYSE:KSS)

Paragon Capital Management Inc. bought a new position in shares of Kohl's Co. (NYSE:KSS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 85,339 shares of the company's stock, valued at approximately $1,801,000. Kohl's accounts for 1.3% of Paragon Capital Management Inc.'s investment portfolio, making the stock its 25th biggest position. Paragon Capital Management Inc. owned about 0.08% of Kohl's at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position 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 lifted its holdings 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 acquiring an additional 52,126 shares in the last quarter. American Century Companies Inc. increased its stake in Kohl's by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company's stock worth $71,126,000 after purchasing an additional 643,913 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Kohl's by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company's stock worth $50,118,000 after acquiring an additional 1,694,162 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of Kohl's by 6,076.8% in the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company's stock valued at $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Insider Transactions at Kohl's

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl'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 of the company's stock, valued at $2,636,116.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company's stock.

Kohl's Price Performance

Kohl's stock traded up $0.23 during mid-day trading on Thursday, hitting $20.03. 5,218,953 shares of the company traded hands, compared to its average volume of 5,975,999. Kohl's Co. has a one year low of $17.89 and a one year high of $29.60. The stock has a fifty day moving average price of $19.64 and a 200-day moving average price of $22.01. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The business had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter last year, the business posted $0.52 EPS. The business's revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Kohl's Co. will post 1.8 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date was Wednesday, September 11th. Kohl's's dividend payout ratio is 80.65%.

Analyst Upgrades and Downgrades

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