Segall Bryant & Hamill LLC purchased a new stake in shares of Kohl’s Corporation (NYSE:KSS – Free Report) in the 1st quarter, Holdings Channel reports. The fund purchased 71,273 shares of the company’s stock, valued at approximately $919,000.
Several other institutional investors have also recently made changes to their positions in KSS. Vanguard Group Inc. raised its position in Kohl’s by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 12,181,767 shares of the company’s stock worth $248,630,000 after acquiring an additional 273,500 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kohl’s by 13.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,342,340 shares of the company’s stock worth $81,811,000 after purchasing an additional 744,539 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kohl’s by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,703,024 shares of the company’s stock worth $55,177,000 after purchasing an additional 47,037 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Kohl’s by 107.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,479,061 shares of the company’s stock valued at $31,980,000 after purchasing an additional 1,286,710 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Kohl’s during the fourth quarter valued at about $49,796,000. Institutional investors own 98.04% of the company’s stock.
Kohl’s Price Performance
NYSE:KSS opened at $19.59 on Thursday. The business’s 50-day simple moving average is $17.48 and its two-hundred day simple moving average is $15.94. Kohl’s Corporation has a 52 week low of $10.85 and a 52 week high of $25.22. The stock has a market cap of $2.22 billion, a PE ratio of 8.30 and a beta of 1.40. The company has a quick ratio of 0.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.93.
Kohl’s Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, June 10th. Kohl’s’s dividend payout ratio is presently 21.19%.
Insider Transactions at Kohl’s
In other Kohl’s news, EVP Jennifer J. Kent sold 22,942 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $20.00, for a total transaction of $458,840.00. Following the completion of the sale, the executive vice president directly owned 234,452 shares of the company’s stock, valued at $4,689,040. This trade represents a 8.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently commented on KSS shares. Gordon Haskett downgraded Kohl’s from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research note on Friday, May 15th. Morgan Stanley reissued an “underweight” rating and issued a $15.00 target price on shares of Kohl’s in a report on Monday, July 6th. Citigroup upgraded shares of Kohl’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $22.00 in a research note on Monday, June 1st. Wall Street Zen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Finally, Weiss Ratings lowered shares of Kohl’s from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kohl’s currently has an average rating of “Reduce” and an average target price of $15.31.
View Our Latest Report on Kohl’s
Kohl’s Company Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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