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

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

Other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in Kohl’s by 73.7% during the third quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock valued at $27,245,000 after acquiring an additional 551,340 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in Kohl’s during the third quarter valued at about $6,741,000. Hsbc Holdings PLC grew its holdings in Kohl’s by 253.9% during the third quarter. Hsbc Holdings PLC now owns 223,932 shares of the company’s stock valued at $4,724,000 after purchasing an additional 160,650 shares during the period. State of Alaska Department of Revenue grew its holdings in Kohl’s by 412.3% during the fourth quarter. State of Alaska Department of Revenue now owns 68,096 shares of the company’s stock valued at $1,952,000 after purchasing an additional 54,803 shares during the period. Finally, Dark Forest Capital Management LP grew its holdings in Kohl’s by 137.7% during the third quarter. Dark Forest Capital Management LP now owns 515,653 shares of the company’s stock valued at $10,808,000 after purchasing an additional 298,693 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

KSS has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Telsey Advisory Group upped their price objective on Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Morgan Stanley upped their price objective on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Citigroup decreased their target price on Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.20.

Kohl’s Trading Up 1.0 %

NYSE:KSS traded up $0.25 during midday trading on Friday, hitting $24.53. The stock had a trading volume of 3,801,440 shares, compared to its average volume of 5,450,244. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The company 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 stock has a 50-day moving average of $26.11 and a 200 day moving average of $25.30. Kohl’s Co. has a one year low of $17.68 and a one year high of $29.65.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.39. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned ($2.49) EPS. As a group, sell-side analysts forecast that Kohl’s Co. will post 2.24 EPS for the current year.

Kohl’s Dividend Announcement

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

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.