Illinois Municipal Retirement Fund Takes $1.95 Million Position in Kohl's Co. (NYSE:KSS)

Illinois Municipal Retirement Fund purchased 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 disclosure with the Securities & Exchange Commission. The fund purchased 67,996 shares of the company's stock, valued at approximately $1,950,000. Illinois Municipal Retirement Fund owned approximately 0.06% of Kohl's as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its stake in shares of Kohl's by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company's stock valued at $33,000 after acquiring an additional 428 shares in the last quarter. Headlands Technologies LLC bought a new position in Kohl's in the third quarter worth approximately $25,000. Versant Capital Management Inc raised its stake in Kohl's by 392.4% in the fourth quarter. Versant Capital Management Inc now owns 1,694 shares of the company's stock worth $49,000 after buying an additional 1,350 shares in the last quarter. Huntington National Bank raised its stake in Kohl's by 56.1% in the third quarter. Huntington National Bank now owns 2,081 shares of the company's stock worth $44,000 after buying an additional 748 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new position in Kohl's in the fourth quarter worth approximately $68,000. Institutional investors own 98.04% of the company's stock.

Kohl's Stock Performance

Shares of KSS traded up $0.25 during trading hours on Friday, reaching $24.53. 3,807,999 shares of the company traded hands, compared to its average volume of 5,466,288. The stock has a market capitalization of $2.72 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.39 and a beta of 1.98. 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 Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The business has a fifty day moving average price of $26.05 and a 200-day moving average price of $25.35.

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

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.15%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl's's payout ratio is 70.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Kohl's from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lifted their price target 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. Telsey Advisory Group lifted their price target on shares of Kohl's from $25.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, March 13th. Morgan Stanley lifted their price target 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. Finally, Citigroup cut their price target on shares of Kohl's from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $24.20.

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.