PNC Financial Services Group Inc. Purchases 2,754 Shares of Kohl’s Co. (NYSE:KSS)

PNC Financial Services Group Inc. lifted its stake in Kohl’s Co. (NYSE:KSS) by 21.5% during the 4th quarter, HoldingsChannel reports. The fund owned 15,567 shares of the company’s stock after buying an additional 2,754 shares during the period. PNC Financial Services Group Inc.’s holdings in Kohl’s were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KSS. Invesco Ltd. grew its stake in shares of Kohl’s by 9.3% in the third quarter. Invesco Ltd. now owns 854,390 shares of the company’s stock worth $17,908,000 after acquiring an additional 72,769 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Kohl’s by 78.5% in the third quarter. Federated Hermes Inc. now owns 15,876 shares of the company’s stock worth $333,000 after acquiring an additional 6,982 shares during the last quarter. Gotham Asset Management LLC boosted its stake in Kohl’s by 7.5% during the third quarter. Gotham Asset Management LLC now owns 31,154 shares of the company’s stock worth $653,000 after buying an additional 2,165 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Kohl’s during the third quarter worth $648,000. Finally, AQR Capital Management LLC boosted its stake in Kohl’s by 23.3% during the third quarter. AQR Capital Management LLC now owns 531,027 shares of the company’s stock worth $11,130,000 after buying an additional 100,442 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

Kohl’s stock opened at $22.99 on Friday. The stock has a 50-day simple moving average of $24.05 and a 200 day simple moving average of $25.77. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 2.11 and a beta of 1.90.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, research analysts anticipate that Kohl’s Co. will post 1.38 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KSS shares. TD Cowen decreased their price target on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Robert W. Baird decreased their price target on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Evercore ISI decreased their price target on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a research note on Friday, May 31st. Telsey Advisory Group reiterated a “market perform” rating and set a $28.00 price target on shares of Kohl’s in a research note on Thursday, May 30th. Finally, Citigroup reduced their target price on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and a consensus price target of $22.44.

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.