Kohl's Co. (NYSE:KSS) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC raised its position in shares of Kohl's Co. (NYSE:KSS - Free Report) by 277.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,779 shares of the company's stock after buying an additional 45,392 shares during the quarter. Advisory Services Network LLC owned about 0.06% of Kohl's worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted its stake in Kohl's by 11.7% in the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock valued at $58,046,000 after acquiring an additional 433,264 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Kohl's by 3.3% during the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock valued at $51,190,000 after purchasing an additional 117,819 shares during the last quarter. Invesco Ltd. boosted its position in shares of Kohl's by 1.6% in the 4th quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after purchasing an additional 36,622 shares in the last quarter. Geode Capital Management LLC grew its stake in Kohl's by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock worth $38,541,000 after buying an additional 91,608 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Kohl's by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock valued at $24,873,000 after buying an additional 55,540 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl's Price Performance

Shares of NYSE:KSS traded up $0.34 during midday trading on Friday, reaching $6.47. 9,837,621 shares of the company's stock traded hands, compared to its average volume of 8,340,312. The company has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $13.51. Kohl's Co. has a 1 year low of $6.04 and a 1 year high of $28.25. The company has a market cap of $720.27 million, a P/E ratio of 2.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

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

Kohl's Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.73%. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KSS shares. Morgan Stanley lowered their price objective on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group cut their price objective on Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a report on Tuesday, March 4th. Bank of America dropped their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird cut their price target on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $10.00 price objective on shares of Kohl's in a research note on Tuesday, April 1st. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.71.

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.