New York State Teachers Retirement System Boosts Stock Holdings in Kohl’s Co. (NYSE:KSS)

New York State Teachers Retirement System raised its holdings in shares of Kohl’s Co. (NYSE:KSS) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 148,134 shares of the company’s stock after purchasing an additional 6,577 shares during the period. New York State Teachers Retirement System’s holdings in Kohl’s were worth $4,248,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new position in Kohl’s during the 2nd quarter valued at about $26,000. SkyView Investment Advisors LLC purchased a new position in shares of Kohl’s in the 1st quarter worth approximately $27,000. Headlands Technologies LLC purchased a new position in shares of Kohl’s in the 3rd quarter worth approximately $25,000. Quarry LP grew its position in shares of Kohl’s by 81.1% in the 1st quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after buying an additional 594 shares during the last quarter. Finally, Fairfield Bush & CO. purchased a new position in shares of Kohl’s in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 4.0 %

KSS stock opened at $22.73 on Monday. The firm has a 50 day moving average of $26.72 and a 200 day moving average of $25.15. The stock has a market capitalization of $2.52 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.27 and a beta of 1.98. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. Kohl’s Co. has a 52 week low of $17.68 and a 52 week high of $29.65.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The business had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the business posted ($2.49) EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.80%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s payout ratio is 70.18%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KSS shares. Citigroup cut their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Morgan Stanley lifted their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Telsey Advisory Group lifted their price objective on shares of Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, StockNews.com upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $24.20.

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.