Kohl’s Corporation (NYSE:KSS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Kohl’s Corporation (NYSE:KSS) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,222 shares of the company’s stock after buying an additional 13,627 shares during the quarter. Principal Financial Group Inc. owned 0.50% of Kohl’s worth $4,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming purchased a new stake in Kohl’s during the 4th quarter worth about $35,000. Versant Capital Management Inc increased its position in Kohl’s by 3,022.6% during the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock worth $50,000 after buying an additional 5,894 shares during the period. GAMMA Investing LLC increased its position in Kohl’s by 360.2% during the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock worth $53,000 after buying an additional 5,053 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Kohl’s by 14.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company’s stock worth $121,000 after buying an additional 1,849 shares during the period. Finally, Wealth Effects LLC acquired a new position in Kohl’s during the first quarter worth approximately $123,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price objective on shares of Kohl’s in a research note on Thursday, May 29th. Barclays raised their price objective on Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Wall Street Zen cut Kohl’s from a “hold” rating to a “sell” rating in a report on Sunday, June 22nd. Robert W. Baird raised their price objective on Kohl’s from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. Finally, Evercore ISI reduced their target price on Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Eight equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average price target of $9.75.

Kohl’s Stock Up 2.7%

Shares of KSS stock opened at $9.64 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 8.84 and a beta of 1.66. The firm’s fifty day moving average price is $8.54 and its two-hundred day moving average price is $9.64. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $22.60. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95.

Kohl’s (NYSE:KSS) last issued its 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. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. On average, equities analysts predict that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Wednesday, June 11th. Kohl’s’s dividend payout ratio (DPR) is 45.87%.

Kohl’s 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.