Maryland State Retirement & Pension System Acquires Shares of 48,923 Kohl's Co. (NYSE:KSS)

Maryland State Retirement & Pension System acquired a new stake in Kohl's Co. (NYSE:KSS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,923 shares of the company's stock, valued at approximately $1,403,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in Kohl's during the third quarter worth about $25,000. CWM LLC raised its position in Kohl's by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company's stock worth $33,000 after acquiring an additional 428 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Kohl's by 133.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company's stock worth $40,000 after acquiring an additional 802 shares during the last quarter. Huntington National Bank raised its position in Kohl's by 56.1% during the third quarter. Huntington National Bank now owns 2,081 shares of the company's stock worth $44,000 after acquiring an additional 748 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Kohl's during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KSS shares. Citigroup cut their target price on shares of Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a research 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. 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. StockNews.com downgraded shares of Kohl's from a "buy" rating to a "hold" rating in a report on Monday. Finally, 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $24.20.

Kohl's Trading Up 0.1 %

Kohl's stock traded up $0.02 during trading on Thursday, reaching $23.96. The company had a trading volume of 6,187,031 shares, compared to its average volume of 5,327,046. Kohl's Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The stock's 50 day moving average price is $25.40 and its two-hundred day moving average price is $25.62. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.35 and a beta of 2.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.20 and a current ratio of 1.31.

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

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 8.35%. Kohl's's dividend payout ratio (DPR) is 70.18%.

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.