Louisiana State Employees Retirement System Buys Shares of 55,400 Kohl’s Co. (NYSE:KSS)

Louisiana State Employees Retirement System bought a new stake in Kohl’s Co. (NYSE:KSS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 55,400 shares of the company’s stock, valued at approximately $1,589,000. Louisiana State Employees Retirement System owned about 0.05% of Kohl’s as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of Kohl’s during the second quarter valued at $26,000. SkyView Investment Advisors LLC acquired a new position in shares of Kohl’s during the first quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of Kohl’s during the third quarter valued at $25,000. Quarry LP increased its holdings in shares of Kohl’s by 81.1% during the first quarter. Quarry LP now owns 1,326 shares of the company’s stock valued at $31,000 after purchasing an additional 594 shares during the period. Finally, Fairfield Bush & CO. acquired a new position in shares of Kohl’s during the second quarter valued at $35,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KSS. StockNews.com raised Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Telsey Advisory Group lifted their target price on Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Morgan Stanley lifted their target price on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their target price on Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, TD Cowen lifted their target price on Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.20.

Kohl’s Trading Up 1.5 %

Shares of KSS opened at $23.19 on Friday. The business’s 50-day moving average price is $26.32 and its 200 day moving average price is $25.15. The stock has a market capitalization of $2.57 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.22 and a beta of 1.98. Kohl’s Co. has a 1-year low of $17.68 and a 1-year high of $29.65. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. The firm 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%. Kohl’s’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted ($2.49) EPS. Analysts expect that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 8.62%. Kohl’s’s payout ratio is presently 70.18%.

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.