Kohl’s Co. (NYSE:KSS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Kohl’s Co. (NYSE:KSS) by 226.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,531 shares of the company’s stock after acquiring an additional 95,398 shares during the period. Victory Capital Management Inc.’s holdings in Kohl’s were worth $2,902,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s by 0.8% in the 2nd 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 during the period. American Century Companies Inc. increased its holdings in shares of Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after acquiring an additional 643,913 shares during the period. AQR Capital Management LLC increased its holdings in shares of Kohl’s by 348.0% in the 2nd 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. Squarepoint Ops LLC increased its holdings in shares of Kohl’s by 6,076.8% in the 2nd 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. Finally, Bank of New York Mellon Corp grew its position in Kohl’s by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,647,703 shares of the company’s stock valued at $37,881,000 after buying an additional 10,925 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Up 3.8 %

Shares of NYSE KSS opened at $17.03 on Friday. The stock has a market cap of $1.89 billion, a PE ratio of 6.68, a PEG ratio of 1.16 and a beta of 1.94. The business has a fifty day moving average of $18.94 and a two-hundred day moving average of $20.91. Kohl’s Co. has a 52-week low of $16.12 and a 52-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.

Kohl’s (NYSE:KSS) last announced 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. 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 quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. As a group, equities research analysts expect that Kohl’s Co. will post 1.77 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is currently 78.43%.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Evercore ISI decreased their target price 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. Morgan Stanley lowered 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 report on Tuesday, August 27th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Finally, Robert W. Baird reduced their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.43.

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.