Victory Capital Management Inc. Purchases 11,673 Shares of Kohl’s Co. (NYSE:KSS)

Victory Capital Management Inc. boosted its position in shares of Kohl’s Co. (NYSE:KSS) by 33.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,917 shares of the company’s stock after buying an additional 11,673 shares during the period. Victory Capital Management Inc.’s holdings in Kohl’s were worth $1,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KSS. BlackRock Inc. lifted its stake in shares of Kohl’s by 25.3% in the 1st quarter. BlackRock Inc. now owns 13,348,222 shares of the company’s stock valued at $314,217,000 after purchasing an additional 2,695,094 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Kohl’s by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,463,458 shares of the company’s stock worth $222,771,000 after buying an additional 450,362 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kohl’s by 59.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,298,377 shares of the company’s stock worth $124,718,000 after buying an additional 1,969,818 shares during the period. State Street Corp raised its holdings in shares of Kohl’s by 12.5% in the third quarter. State Street Corp now owns 4,962,073 shares of the company’s stock worth $124,796,000 after buying an additional 551,124 shares during the period. Finally, Starboard Value LP purchased a new stake in shares of Kohl’s in the first quarter worth approximately $201,401,000. 98.04% of the stock is owned by institutional investors.

Kohl’s Stock Up 0.8 %

Kohl’s stock opened at $21.99 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 0.14. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -21.56, a PEG ratio of 1.12 and a beta of 1.79. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $35.77. The business has a fifty day moving average price of $22.13 and a 200-day moving average price of $22.98.

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

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were given a $0.50 dividend. The ex-dividend date was Tuesday, September 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.10%. Kohl’s’s payout ratio is -196.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KSS shares. Bank of America reduced their price target on Kohl’s from $25.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, September 26th. StockNews.com began coverage on Kohl’s in a report on Thursday, October 5th. They set a “hold” rating on the stock. UBS Group reduced their price objective on Kohl’s from $16.00 to $15.00 in a report on Monday, September 25th. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective (up from $24.00) on shares of Kohl’s in a report on Wednesday, August 23rd. Finally, OTR Global upgraded Kohl’s from a “mixed” rating to a “positive” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.27.

Kohl’s Company Profile

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.