Victory Capital Management Inc. Buys 77,759 Shares of Kohl's Corporation (NYSE:KSS)

Key Points

• Victory Capital Management Inc. increased its stake in Kohl's Corporation by 52.7% to a total of 225,406 shares worth approximately $1.84 million.
• Kohl's recently reported a quarterly earnings per share of ($0.13), exceeding analysts' expectations of ($0.22), with revenues of $3.05 billion for the quarter.
• The company declared a quarterly dividend of $0.125, resulting in an annualized dividend yield of 4.39%.

Victory Capital Management Inc. boosted its holdings in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225,406 shares of the company's stock after acquiring an additional 77,759 shares during the quarter. Victory Capital Management Inc. owned approximately 0.20% of Kohl's worth $1,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSS. CWM LLC grew its holdings in Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares during the last quarter. State of Wyoming acquired a new position in Kohl's during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in shares of Kohl's by 3,022.6% in the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock worth $50,000 after acquiring an additional 5,894 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Kohl's by 360.2% in the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock worth $53,000 after acquiring an additional 5,053 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Kohl's by 5,814.2% in the first quarter. Allworth Financial LP now owns 9,581 shares of the company's stock worth $78,000 after acquiring an additional 9,419 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Trading Down 1.0%

NYSE:KSS traded down $0.11 during mid-day trading on Friday, hitting $10.73. The company had a trading volume of 6,782,419 shares, compared to its average volume of 11,753,343. Kohl's Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $21.39. The business's fifty day moving average is $9.33 and its two-hundred day moving average is $9.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. The firm has a market cap of $1.20 billion, a P/E ratio of 9.84 and a beta of 1.66.

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

Kohl's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.7%. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KSS shares. Evercore ISI lowered their price objective on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Barclays raised their price objective on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research note on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and issued a $9.00 price objective on shares of Kohl's in a research note on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. Eight investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.89.

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.