Kohl’s Corporation (NYSE:KSS) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Kohl’s Corporation (NYSE:KSS) by 178.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,800 shares of the company’s stock after purchasing an additional 26,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Kohl’s were worth $347,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Kohl’s in the 4th quarter valued at about $19,874,000. Gate City Capital Management LLC purchased a new position in Kohl’s in the 4th quarter valued at about $12,773,000. ExodusPoint Capital Management LP purchased a new position in Kohl’s in the 4th quarter valued at about $8,778,000. Norges Bank purchased a new position in Kohl’s in the 4th quarter valued at about $8,185,000. Finally, American Century Companies Inc. boosted its position in Kohl’s by 11.7% in the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock valued at $58,046,000 after buying an additional 433,264 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KSS has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Friday, May 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price target on shares of Kohl’s in a research report on Thursday, May 29th. Evercore ISI reduced their price target on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Wall Street Zen cut shares of Kohl’s from a “hold” rating to a “sell” rating in a research report on Sunday, June 22nd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Kohl’s in a research report on Thursday, May 29th. Eight research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.75.

Kohl’s Price Performance

KSS opened at $9.40 on Thursday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.62 and a beta of 1.66. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $23.02. The company’s 50-day moving average price is $8.49 and its 200 day moving average price is $9.67. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business earned ($0.24) earnings per share. Kohl’s’s revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that Kohl’s Corporation will post 1.3 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a $0.125 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 5.32%. Kohl’s’s payout ratio is currently 45.87%.

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.