California Public Employees Retirement System Raises Position in Kohl’s Co. (NYSE:KSS)

California Public Employees Retirement System grew its position in Kohl’s Co. (NYSE:KSS) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 197,860 shares of the company’s stock after purchasing an additional 4,750 shares during the quarter. California Public Employees Retirement System’s holdings in Kohl’s were worth $5,675,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new position in Kohl’s in the third quarter worth about $25,000. CWM LLC raised its holdings in Kohl’s by 59.7% in the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after buying an additional 428 shares during the last quarter. Huntington National Bank raised its holdings in Kohl’s by 56.1% in the third quarter. Huntington National Bank now owns 2,081 shares of the company’s stock worth $44,000 after buying an additional 748 shares during the last quarter. Versant Capital Management Inc raised its holdings in Kohl’s by 392.4% in the fourth quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock worth $49,000 after buying an additional 1,350 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $68,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KSS has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. TD Cowen boosted their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Morgan Stanley boosted their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Telsey Advisory Group boosted their price objective on shares of Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. Finally, Citigroup decreased their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Two 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.20.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $24.18 on Friday. The firm has a 50 day moving average of $25.71 and a 200 day moving average of $25.57. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.37 and a beta of 2.01. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.65.

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

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.27%. Kohl’s’s payout ratio is currently 70.18%.

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.