Northern Trust Corp Increases Position in Kohl’s Co. (NYSE:KSS)

Northern Trust Corp increased its stake in shares of Kohl’s Co. (NYSE:KSS) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 890,188 shares of the company’s stock after buying an additional 113,875 shares during the quarter. Northern Trust Corp owned about 0.80% of Kohl’s worth $12,498,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Kohl’s in the fourth quarter valued at $26,000. Bogart Wealth LLC purchased a new stake in Kohl’s in the fourth quarter valued at $35,000. KBC Group NV boosted its holdings in Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after purchasing an additional 1,974 shares during the last quarter. Platinum Investment Management Ltd. boosted its holdings in Kohl’s by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock valued at $86,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Kohl’s in the fourth quarter valued at $100,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on KSS shares. Telsey Advisory Group decreased their price objective on shares of Kohl’s from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Friday, May 2nd. Barclays started coverage on shares of Kohl’s in a research report on Monday, April 28th. They issued an “underweight” rating and a $4.00 price objective for the company. Robert W. Baird decreased their price objective on shares of Kohl’s from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Kohl’s from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.54.

Kohl’s Stock Up 2.5%

KSS opened at $8.58 on Friday. Kohl’s Co. has a twelve month low of $6.04 and a twelve month high of $27.59. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $7.50 and a 200 day moving average price of $11.89. The company has a market cap of $954.71 million, a PE ratio of 3.86 and a beta of 1.61.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. Sell-side analysts expect that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a yield of 5.83%. Kohl’s’s payout ratio is 51.02%.

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.