Louisiana State Employees Retirement System Purchases Shares of 55,400 Kohl's Co. (NYSE:KSS)

Louisiana State Employees Retirement System bought a new stake in shares of Kohl's Co. (NYSE:KSS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 55,400 shares of the company's stock, valued at approximately $1,589,000. Louisiana State Employees Retirement System owned about 0.05% of Kohl's as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KSS. Headlands Technologies LLC bought a new position in Kohl's during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Kohl's in the 2nd quarter valued at $26,000. SkyView Investment Advisors LLC bought a new stake in shares of Kohl's in the 1st quarter valued at $27,000. Quarry LP raised its stake in Kohl's by 81.1% during the 1st quarter. Quarry LP now owns 1,326 shares of the company's stock worth $31,000 after buying an additional 594 shares during the period. Finally, Fairfield Bush & CO. bought a new position in Kohl's during the second quarter worth about $35,000. Institutional investors own 98.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KSS shares. Citigroup lowered their price target on Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, March 13th. StockNews.com raised Kohl's from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. Morgan Stanley raised their target price on shares of Kohl's from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, March 21st. Telsey Advisory Group upped their price target on shares of Kohl's from $25.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.20.

Kohl's Stock Up 1.5 %

Shares of NYSE KSS traded up $0.34 during midday trading on Friday, reaching $23.19. The company's stock had a trading volume of 5,011,152 shares, compared to its average volume of 5,388,168. Kohl's Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.65. The stock has a 50 day simple moving average of $26.32 and a 200-day simple moving average of $25.19. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.27 and a beta of 1.98. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.39. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.80 billion. Kohl's had a net margin of 1.81% and a return on equity of 8.40%. The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.49) EPS. Equities research analysts predict that Kohl's Co. will post 2.24 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a $0.50 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 8.62%. Kohl's's dividend payout ratio is 70.18%.

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.