Ameriprise Financial Inc. Has $16.16 Million Stock Position in Kohl's Co. (NYSE:KSS)

Ameriprise Financial Inc. increased its stake in Kohl's Co. (NYSE:KSS - Free Report) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,151,053 shares of the company's stock after purchasing an additional 125,738 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.03% of Kohl's worth $16,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's in the fourth quarter worth about $26,000. Bogart Wealth LLC purchased a new stake in shares of Kohl's in the 4th quarter valued at approximately $35,000. KBC Group NV boosted its stake in Kohl's by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after purchasing an additional 1,974 shares during the period. Platinum Investment Management Ltd. grew its position in Kohl's by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Kohl's during the 4th quarter valued at $100,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Stock Down 2.0%

NYSE:KSS traded down $0.17 during trading hours on Tuesday, reaching $8.27. The company's stock had a trading volume of 11,670,981 shares, compared to its average volume of 8,728,733. Kohl's Co. has a one year low of $6.04 and a one year high of $27.59. The business's 50-day moving average is $7.50 and its 200-day moving average is $11.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market cap of $920.65 million, a price-to-earnings ratio of 3.73 and a beta of 1.61.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm's revenue for the quarter was down 9.4% on a year-over-year basis. Equities research analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's dividend payout ratio is 51.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Citigroup lowered their target price on Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. increased their price target on shares of Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday. Evercore ISI decreased their price target on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Robert W. Baird dropped their price objective on shares of Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat.com, Kohl's currently has a consensus rating of "Hold" and a consensus target price of $9.61.

Kohl's Company 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.