American Century Companies Inc. Increases Holdings in Kohl’s Corporation $KSS

American Century Companies Inc. grew its holdings in Kohl’s Corporation (NYSE:KSS) by 7.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,042,333 shares of the company’s stock after acquiring an additional 351,691 shares during the quarter. American Century Companies Inc. owned about 4.50% of Kohl’s worth $77,501,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in Kohl’s by 21.9% in the third quarter. US Bancorp DE now owns 19,082 shares of the company’s stock valued at $293,000 after purchasing an additional 3,432 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Kohl’s in the 3rd quarter valued at $261,000. GSA Capital Partners LLP purchased a new position in shares of Kohl’s in the 3rd quarter valued at $351,000. JPMorgan Chase & Co. raised its stake in Kohl’s by 3,123.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock worth $30,912,000 after acquiring an additional 1,948,783 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Kohl’s by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 23,078 shares of the company’s stock valued at $355,000 after acquiring an additional 1,073 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insider Transactions at Kohl’s

In other Kohl’s news, CFO Jill Timm sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.75, for a total transaction of $568,750.00. Following the transaction, the chief financial officer owned 335,561 shares in the company, valued at approximately $7,634,012.75. The trade was a 6.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

KSS has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price (up from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research report on Thursday, January 22nd. Wall Street Zen downgraded Kohl’s from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. TD Cowen reaffirmed a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Finally, Evercore increased their price target on shares of Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Kohl’s has a consensus rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Price Performance

Shares of Kohl’s stock opened at $15.48 on Wednesday. Kohl’s Corporation has a one year low of $6.04 and a one year high of $25.22. The company has a market cap of $1.74 billion, a P/E ratio of 9.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The firm has a fifty day moving average of $18.91 and a two-hundred day moving average of $18.06.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, March 18th. Kohl’s’s payout ratio is currently 29.07%.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.