Nisa Investment Advisors LLC Acquires 26,800 Shares of Kohl's Corporation (NYSE:KSS)

Nisa Investment Advisors LLC lifted its stake in Kohl's Corporation (NYSE:KSS - Free Report) by 178.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,800 shares of the company's stock after buying an additional 26,800 shares during the period. Nisa Investment Advisors LLC's holdings in Kohl's were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Kohl's in the fourth quarter valued at approximately $8,185,000. Charles Schwab Investment Management Inc. raised its position in Kohl's by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock valued at $24,873,000 after purchasing an additional 55,540 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in Kohl's by 6,264.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 42,263 shares of the company's stock valued at $593,000 after purchasing an additional 41,599 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Kohl's by 117.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company's stock valued at $6,557,000 after purchasing an additional 252,006 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Kohl's by 277.0% during the fourth quarter. Advisory Services Network LLC now owns 61,779 shares of the company's stock valued at $867,000 after purchasing an additional 45,392 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on KSS. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. JPMorgan Chase & Co. upped their price target on shares of Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Wall Street Zen downgraded shares of Kohl's from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. Barclays upped their price target on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Finally, Evercore ISI lowered 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. Eight research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, Kohl's has an average rating of "Hold" and a consensus target price of $9.75.

Kohl's Trading Up 2.7%

Kohl's stock traded up $0.25 during trading hours on Thursday, reaching $9.64. 3,855,158 shares of the company's stock were exchanged, compared to its average volume of 9,086,807. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. The firm's 50 day simple moving average is $8.49 and its 200 day simple moving average is $9.67. Kohl's Corporation has a twelve month low of $6.04 and a twelve month high of $22.60. The firm has a market capitalization of $1.08 billion, a PE ratio of 8.84 and a beta of 1.66.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. The company had revenue of $3.05 billion for 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 was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. Research analysts predict that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 5.19%. Kohl's's payout ratio is 45.87%.

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.