State of Alaska Department of Revenue Has $1.95 Million Position in Kohl's Co. (NYSE:KSS)

State of Alaska Department of Revenue lifted its position in Kohl's Co. (NYSE:KSS - Free Report) by 412.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,096 shares of the company's stock after acquiring an additional 54,803 shares during the period. State of Alaska Department of Revenue owned 0.06% of Kohl's worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Kohl's by 25.3% during the 1st quarter. BlackRock Inc. now owns 13,348,222 shares of the company's stock worth $314,217,000 after acquiring an additional 2,695,094 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Kohl's by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,463,458 shares of the company's stock worth $222,771,000 after acquiring an additional 450,362 shares during the period. State Street Corp lifted its position in Kohl's by 16.0% during the 2nd quarter. State Street Corp now owns 5,731,010 shares of the company's stock worth $132,100,000 after acquiring an additional 790,403 shares during the period. LSV Asset Management lifted its position in Kohl's by 0.3% during the 3rd quarter. LSV Asset Management now owns 4,397,799 shares of the company's stock worth $92,178,000 after acquiring an additional 12,913 shares during the period. Finally, Starboard Value LP acquired a new stake in Kohl's during the 1st quarter worth approximately $201,401,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their target price on Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. TD Cowen increased their target price on Kohl's from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th. Telsey Advisory Group increased their target price on Kohl's from $25.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Finally, Morgan Stanley increased their target price on Kohl's from $18.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.20.

Kohl's Price Performance

NYSE KSS traded down $0.19 during mid-day trading on Friday, hitting $25.50. The stock had a trading volume of 4,301,659 shares, compared to its average volume of 6,236,349. Kohl's Co. has a 52-week low of $17.68 and a 52-week high of $29.65. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 1.43 and a beta of 1.98. The company has a 50 day simple moving average of $27.01 and a 200 day simple moving average of $24.98. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.39. The firm had revenue of $5.71 billion for the quarter, compared to analysts' expectations of $5.80 billion. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. Kohl's's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.49) EPS. Equities analysts forecast that Kohl's Co. will post 2.25 EPS for the current fiscal year.

Kohl's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl's's dividend payout ratio (DPR) is presently 70.18%.

Kohl's Profile

Kohl's Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.