Kohl’s Co. (NYSE:KSS) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. increased its holdings in shares of Kohl’s Co. (NYSE:KSS) by 183.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,416 shares of the company’s stock after buying an additional 917 shares during the period. Brown Brothers Harriman & Co.’s holdings in Kohl’s were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in KSS. Pacer Advisors Inc. lifted its holdings in Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after buying an additional 52,126 shares during the last quarter. American Century Companies Inc. increased its stake in Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after buying an additional 643,913 shares in the last quarter. AQR Capital Management LLC increased its stake in Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after acquiring an additional 1,804,809 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

NYSE:KSS opened at $14.75 on Friday. The company’s 50-day moving average is $18.70 and its two-hundred day moving average is $20.68. Kohl’s Co. has a 1-year low of $14.22 and a 1-year high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts forecast that Kohl’s Co. will post 1.77 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio is presently 78.43%.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on KSS. Evercore ISI dropped their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. TD Cowen dropped their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $18.00 in a research report on Wednesday. Guggenheim lowered their price target on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Telsey Advisory Group cut their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.22.

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.