Kohl’s Co. (NYSE:KSS) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in shares of Kohl’s Co. (NYSE:KSS) by 348.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,180,952 shares of the company’s stock after purchasing an additional 1,694,162 shares during the quarter. AQR Capital Management LLC’s holdings in Kohl’s were worth $50,118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Squarepoint Ops LLC grew its holdings in Kohl’s by 6,076.8% during the second 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. Vanguard Group Inc. increased its holdings in shares of Kohl’s by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after purchasing an additional 1,775,024 shares in the last quarter. Vision One Management Partners LP acquired a new position in shares of Kohl’s in the 4th quarter valued at $28,413,000. SG Americas Securities LLC boosted its holdings in Kohl’s by 518.9% during the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after buying an additional 716,919 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Kohl’s by 26.3% during the second 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. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $21.00 in a report on Friday, August 30th. Robert W. Baird reduced their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Evercore ISI dropped their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.29.

Kohl’s Trading Up 3.2 %

Shares of KSS stock opened at $20.90 on Friday. Kohl’s Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The stock’s fifty day moving average is $19.86 and its two-hundred day moving average is $22.66. The firm has a market capitalization 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) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share 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 firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business posted $0.52 earnings per share. Kohl’s’s quarterly revenue was down 4.2% on a year-over-year basis. Research analysts expect that Kohl’s Co. will post 1.8 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a $0.50 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 9.57%. Kohl’s’s dividend payout ratio is presently 80.65%.

About Kohl’s

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.