Kohl's Co. (NYSE:KSS) Stake Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in Kohl's Co. (NYSE:KSS - Free Report) by 46.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,828 shares of the company's stock after purchasing an additional 31,577 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Kohl's worth $2,106,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KSS. Signaturefd LLC increased its position in shares of Kohl's by 14.1% in the third quarter. Signaturefd LLC now owns 3,965 shares of the company's stock worth $84,000 after acquiring an additional 491 shares in the last quarter. Arizona State Retirement System increased its holdings in Kohl's by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company's stock valued at $714,000 after purchasing an additional 623 shares in the last quarter. Insight Folios Inc raised its position in Kohl's by 3.4% in the third quarter. Insight Folios Inc now owns 21,444 shares of the company's stock valued at $452,000 after purchasing an additional 701 shares during the period. Summit Securities Group LLC lifted its stake in shares of Kohl's by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock worth $55,000 after purchasing an additional 800 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Kohl's by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after buying an additional 948 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Stock Performance

Shares of NYSE:KSS traded down $0.74 during trading on Friday, hitting $17.88. 4,185,599 shares of the company traded hands, compared to its average volume of 5,998,483. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 1.25 and a beta of 1.94. The business's fifty day moving average is $19.26 and its 200-day moving average is $21.21. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl's Co. has a one year low of $17.41 and a one year high of $29.60.

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

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.19%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl's's payout ratio is 78.43%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KSS. Evercore ISI decreased their price target on Kohl's from $22.00 to $20.00 and set an "in-line" rating for the company in a report on Thursday, August 29th. TD Cowen downgraded shares of Kohl's from a "buy" rating to a "hold" rating and dropped their price target for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Telsey Advisory Group reissued a "market perform" rating and issued a $23.00 price objective on shares of Kohl's in a research report on Wednesday, August 28th. Morgan Stanley lowered Kohl's to an "underweight" rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Finally, Robert W. Baird cut their price target 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.29.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company's stock in a transaction on 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 approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Kohl's 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.