Public Employees Retirement Association of Colorado Sells 1,965 Shares of Kohl’s Co. (NYSE:KSS)

Public Employees Retirement Association of Colorado lessened its stake in Kohl’s Co. (NYSE:KSS) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,353 shares of the company’s stock after selling 1,965 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Kohl’s were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KSS. Hsbc Holdings PLC increased its stake in shares of Kohl’s by 254.9% in the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after purchasing an additional 570,745 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Kohl’s by 49.9% during the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after acquiring an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Kohl’s by 22.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock worth $7,787,000 after acquiring an additional 49,209 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Kohl’s by 495.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after purchasing an additional 4,107 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Kohl’s by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after purchasing an additional 523 shares during the period. Institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore ISI cut their target price on 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. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Robert W. Baird lowered 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 note on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.29.

Kohl’s Stock Performance

NYSE KSS opened at $20.90 on Friday. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.60. The company has a fifty day moving average of $19.86 and a 200-day moving average of $22.66. The company has a market capitalization of $2.32 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.32 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) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. As a group, equities research 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%.

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.