American Century Companies Inc. Increases Stake in Kohl’s Co. (NYSE:KSS)

American Century Companies Inc. boosted its stake in Kohl’s Co. (NYSE:KSS) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,134,298 shares of the company’s stock after buying an additional 433,264 shares during the period. American Century Companies Inc. owned 3.71% of Kohl’s worth $58,046,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KSS. Brown Brothers Harriman & Co. grew its holdings in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares during the period. Platinum Investment Management Ltd. grew its stake in shares of Kohl’s by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after buying an additional 1,436 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Kohl’s by 2.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock valued at $842,000 after buying an additional 1,522 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in Kohl’s by 12.1% during the fourth quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock valued at $206,000 after buying an additional 1,583 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Kohl’s by 0.7% in the fourth quarter. Swiss National Bank now owns 218,800 shares of the company’s stock worth $3,072,000 after acquiring an additional 1,600 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KSS shares. UBS Group reduced their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Morgan Stanley decreased their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. Bank of America cut their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird reduced their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, Jefferies Financial Group decreased their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.10.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by insiders.

Kohl’s Stock Down 2.3 %

Shares of KSS stock opened at $8.94 on Thursday. Kohl’s Co. has a one year low of $7.96 and a one year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market capitalization of $995.63 million, a price-to-earnings ratio of 4.03 and a beta of 1.92. The company’s fifty day moving average price is $11.48 and its 200-day moving average price is $15.16.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter last year, the business posted $1.67 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Sell-side analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Friday, March 21st. Kohl’s’s payout ratio is 51.02%.

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.