PNC Financial Services Group Inc. Grows Stock Holdings in Kohl’s Co. (NYSE:KSS)

PNC Financial Services Group Inc. grew its holdings in Kohl’s Co. (NYSE:KSSFree Report) by 21.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,567 shares of the company’s stock after buying an additional 2,754 shares during the period. PNC Financial Services Group Inc.’s holdings in Kohl’s were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KSS. CWM LLC grew its position 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 acquiring an additional 428 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Kohl’s during the 3rd quarter valued at approximately $25,000. Hexagon Capital Partners LLC raised its holdings in Kohl’s by 133.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock valued at $40,000 after buying an additional 802 shares during the period. GAMMA Investing LLC bought a new stake in Kohl’s in the fourth quarter worth $46,000. Finally, Versant Capital Management Inc boosted its stake in Kohl’s by 392.4% during 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 period. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Trading Up 6.5 %

KSS opened at $23.85 on Tuesday. Kohl’s Co. has a 52 week low of $17.68 and a 52 week high of $29.65. The company has a market capitalization of $2.64 billion, a P/E ratio of 9.61, a PEG ratio of 1.71 and a beta of 1.90. The stock’s fifty day moving average is $25.04 and its two-hundred day moving average is $25.97. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12.

Kohl’s (NYSE:KSSGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. Analysts forecast that Kohl’s Co. will post 1.64 earnings per share for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.39%. The ex-dividend date is Wednesday, June 12th. Kohl’s’s payout ratio is 80.65%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KSS. Evercore ISI reduced their target price on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a research note on Friday. TD Cowen decreased their price objective on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday. Robert W. Baird decreased their price target on Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $28.00 price objective on shares of Kohl’s in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.44.

Get Our Latest Stock Report on Kohl’s

Kohl’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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