American Century Companies Inc. Purchases 193,278 Shares of Kohl’s Co. (NYSE:KSS)

American Century Companies Inc. raised its position in Kohl’s Co. (NYSE:KSS) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,238,444 shares of the company’s stock after buying an additional 193,278 shares during the period. American Century Companies Inc. owned 1.12% of Kohl’s worth $29,153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Money Concepts Capital Corp increased its stake in Kohl’s by 4.1% in the 4th quarter. Money Concepts Capital Corp now owns 7,912 shares of the company’s stock worth $200,000 after acquiring an additional 312 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Kohl’s by 0.3% during the 1st quarter. Annex Advisory Services LLC now owns 182,423 shares of the company’s stock valued at $4,294,000 after purchasing an additional 461 shares during the last quarter. Blair William & Co. IL increased its position in shares of Kohl’s by 1.8% during the 1st quarter. Blair William & Co. IL now owns 28,668 shares of the company’s stock valued at $1,733,000 after purchasing an additional 502 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Kohl’s by 3.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,964 shares of the company’s stock valued at $403,000 after purchasing an additional 555 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its position in shares of Kohl’s by 176.8% during the 1st quarter. Ronald Blue Trust Inc. now owns 1,027 shares of the company’s stock valued at $26,000 after purchasing an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $26.58 on Wednesday. The company’s fifty day moving average price is $25.86 and its 200-day moving average price is $24.27. Kohl’s Co. has a 12 month low of $17.89 and a 12 month high of $35.77. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.14 and a current ratio of 1.15.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.29. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Kohl’s had a negative net margin of 0.59% and a negative return on equity of 2.72%. Kohl’s’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. Equities analysts expect that Kohl’s Co. will post 2.43 earnings per share for the current year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Tuesday, September 5th. Kohl’s’s dividend payout ratio (DPR) is -196.08%.

Analyst Ratings Changes

Several equities analysts have recently commented on KSS shares. Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 price objective (up from $24.00) on shares of Kohl’s in a research report on Wednesday, August 23rd. Citigroup raised their price target on Kohl’s from $19.00 to $20.00 in a research report on Thursday, May 25th. StockNews.com started coverage on Kohl’s in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Robert W. Baird reduced their price target on Kohl’s from $35.00 to $30.00 in a research report on Thursday, May 25th. Finally, Bank of America dropped their price objective on Kohl’s from $25.00 to $22.00 in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average target price of $26.58.

About Kohl’s

Kohl's Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.