Price T Rowe Associates Inc. MD Sells 259,456 Shares of Kohl’s Co. (NYSE:KSS)

Price T Rowe Associates Inc. MD trimmed its holdings in shares of Kohl’s Co. (NYSE:KSS) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,043,373 shares of the company’s stock after selling 259,456 shares during the period. Price T Rowe Associates Inc. MD owned 0.08% of Kohl’s worth $263,615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KSS. Hsbc Holdings PLC increased its stake in Kohl’s by 254.9% in the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock valued at $22,822,000 after purchasing an additional 570,745 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Kohl’s by 22.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock valued at $7,787,000 after purchasing an additional 49,209 shares in the last quarter. Norges Bank bought a new stake in Kohl’s in the fourth quarter valued at approximately $34,583,000. Allianz Asset Management GmbH increased its stake in Kohl’s by 6.4% in the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after purchasing an additional 199,618 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Kohl’s by 32.5% in the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after purchasing an additional 523 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Evercore ISI lowered their price objective on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 31st. Telsey Advisory Group reissued a “market perform” rating and set a $28.00 price objective on shares of Kohl’s in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average target price of $22.44.

Kohl’s Stock Up 2.3 %

KSS traded up $0.46 during trading hours on Friday, hitting $20.51. 5,685,692 shares of the company’s stock were exchanged, compared to its average volume of 4,801,723. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65. The stock’s 50-day moving average is $22.82 and its two-hundred day moving average is $24.88. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.86 and a beta of 1.95. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12.

Kohl’s (NYSE:KSS) last announced its earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. Sell-side analysts predict that Kohl’s Co. will post 1.38 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.75%. The ex-dividend date of this dividend was Wednesday, June 12th. Kohl’s’s payout ratio is 80.65%.

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.