Kohl’s Co. (NYSE:KSS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its holdings in Kohl’s Co. (NYSE:KSS) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,942 shares of the company’s stock after selling 546 shares during the period. Arizona State Retirement System’s holdings in Kohl’s were worth $887,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Kohl’s in the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of Kohl’s during the 2nd quarter valued at $26,000. SkyView Investment Advisors LLC acquired a new stake in shares of Kohl’s during the 1st quarter valued at $27,000. Quarry LP lifted its stake in shares of Kohl’s by 81.1% in the 1st quarter. Quarry LP now owns 1,326 shares of the company’s stock valued at $31,000 after purchasing an additional 594 shares during the last quarter. Finally, Fairfield Bush & CO. acquired a new stake in shares of Kohl’s in the 2nd quarter valued at $35,000. Institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

KSS has been the subject of a number of research analyst reports. TD Cowen boosted their target price on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. upped their target price on shares of Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Citigroup lowered their target price on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. StockNews.com raised shares of Kohl’s from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, Telsey Advisory Group upped 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 note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.20.

Kohl’s Price Performance

KSS opened at $22.02 on Wednesday. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20. The company’s 50 day simple moving average is $26.56 and its 200-day simple moving average is $25.17. The stock has a market capitalization of $2.44 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.98.

Kohl’s (NYSE:KSS) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the firm earned ($2.49) earnings per share. Kohl’s’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Kohl’s Co. will post 2.24 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 9.08%. Kohl’s’s dividend payout ratio (DPR) is currently 70.18%.

About Kohl’s

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.