Ensign Peak Advisors Inc Increases Stake in Kohl’s Co. (NYSE:KSS)

Ensign Peak Advisors Inc raised its holdings in shares of Kohl’s Co. (NYSE:KSS) by 29.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,404 shares of the company’s stock after acquiring an additional 13,700 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of Kohl’s worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after purchasing an additional 1,775,024 shares during the period. Vision One Management Partners LP purchased a new stake in Kohl’s in the fourth quarter worth about $28,413,000. SG Americas Securities LLC raised its stake in shares of Kohl’s by 518.9% in the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after buying an additional 716,919 shares during the period. American Century Companies Inc. lifted its position in shares of Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after buying an additional 643,913 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Kohl’s by 254.9% during the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock valued at $22,822,000 after acquiring an additional 570,745 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 3.2 %

Shares of Kohl’s stock opened at $20.90 on Friday. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $19.86 and a 200-day moving average price of $22.66. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.32 and a beta of 1.93.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Equities research analysts anticipate that Kohl’s Co. will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.57%. Kohl’s’s payout ratio is currently 80.65%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and decreased their target price for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Thursday, August 29th. Evercore ISI decreased their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Finally, TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.29.

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.