Louisiana State Employees Retirement System Takes Position in Kohl’s Co. (NYSE:KSS)

Louisiana State Employees Retirement System acquired a new stake in Kohl’s Co. (NYSE:KSS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 55,400 shares of the company’s stock, valued at approximately $1,589,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in Kohl’s in the second quarter valued at about $26,000. SkyView Investment Advisors LLC bought a new stake in Kohl’s in the first quarter valued at about $27,000. Headlands Technologies LLC bought a new stake in Kohl’s in the third quarter valued at about $25,000. Quarry LP increased its holdings in Kohl’s by 81.1% in the first 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. bought a new stake in Kohl’s in the second quarter valued at about $35,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Up 1.5 %

Shares of Kohl’s stock opened at $23.19 on Friday. 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 has a market capitalization of $2.57 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 1.22 and a beta of 1.98. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.65. The business has a 50-day moving average of $26.32 and a two-hundred day moving average of $25.15.

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

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.62%. Kohl’s’s payout ratio is presently 70.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Citigroup dropped their price objective on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Morgan Stanley increased their price target on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. TD Cowen increased their price target on Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Finally, Telsey Advisory Group increased their price target on Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.20.

Kohl’s 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.