American Century Companies Inc. Buys 433,264 Shares of Kohl’s Co. (NYSE:KSS)

American Century Companies Inc. raised its position in shares of Kohl’s Co. (NYSE:KSS) by 11.7% during the fourth quarter, HoldingsChannel reports. The fund owned 4,134,298 shares of the company’s stock after acquiring an additional 433,264 shares during the quarter. American Century Companies Inc.’s holdings in Kohl’s were worth $58,046,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Kohl’s in the third quarter worth approximately $60,000. Charles Schwab Investment Management Inc. grew its position in Kohl’s by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company’s stock valued at $36,208,000 after acquiring an additional 101,480 shares during the last quarter. Cerity Partners LLC increased its stake in Kohl’s by 73.9% in the third quarter. Cerity Partners LLC now owns 27,613 shares of the company’s stock worth $583,000 after purchasing an additional 11,734 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Kohl’s in the third quarter worth $735,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Kohl’s Price Performance

KSS opened at $8.94 on Thursday. The firm has a market capitalization of $995.63 million, a PE ratio of 4.03 and a beta of 1.92. 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 business’s 50-day moving average is $11.48 and its two-hundred day moving average is $15.16. Kohl’s Co. has a 1 year low of $7.96 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. Research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on KSS shares. Bank of America reduced their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Citigroup reduced their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 price target on shares of Kohl’s in a report on Tuesday, March 11th. Robert W. Baird reduced their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley decreased their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.10.

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.