7,500 Shares in Kohl’s Co. (NYSE:KSS) Acquired by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan purchased a new stake in Kohl’s Co. (NYSE:KSS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,500 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in shares of Kohl’s by 5,021.7% in the third quarter. AdvisorNet Financial Inc now owns 2,356 shares of the company’s stock worth $49,000 after purchasing an additional 2,310 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Kohl’s by 10.4% during the third quarter. Commonwealth Equity Services LLC now owns 38,415 shares of the company’s stock worth $805,000 after buying an additional 3,606 shares during the last quarter. Accurate Wealth Management LLC increased its holdings in Kohl’s by 19.1% during the third quarter. Accurate Wealth Management LLC now owns 11,477 shares of the company’s stock worth $237,000 after buying an additional 1,841 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kohl’s by 13.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,994 shares of the company’s stock worth $461,000 after buying an additional 2,569 shares during the last quarter. Finally, Strs Ohio acquired a new position in Kohl’s during the third quarter worth $860,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 1.0 %

Kohl’s stock traded up $0.25 during mid-day trading on Friday, hitting $24.53. 3,801,440 shares of the stock were exchanged, compared to its average volume of 5,450,244. The firm’s fifty day simple moving average is $26.11 and its two-hundred day simple moving average is $25.30. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 8.52, a PEG 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.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.39. The company had revenue of $5.71 billion during 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%. Kohl’s’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.49) EPS. Analysts forecast that Kohl’s Co. will post 2.24 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given 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 currently 70.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KSS. Telsey Advisory Group boosted their target price 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. Citigroup decreased their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com raised shares of Kohl’s from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Finally, TD Cowen upped their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.20.

Kohl’s 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.