Russell Investments Group Ltd. Has $7.61 Million Stock Position in Kohl’s Co. (NYSE:KSS)

Russell Investments Group Ltd. lifted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 33.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 161,333 shares of the company’s stock after buying an additional 40,591 shares during the period. Russell Investments Group Ltd.’s holdings in Kohl’s were worth $7,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KSS. Lazard Asset Management LLC acquired a new position in shares of Kohl’s during the 2nd quarter worth $69,314,000. AQR Capital Management LLC increased its stake in shares of Kohl’s by 59.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,629,490 shares of the company’s stock worth $89,426,000 after purchasing an additional 607,317 shares during the last quarter. Man Group plc increased its stake in shares of Kohl’s by 1,627.8% during the 2nd quarter. Man Group plc now owns 568,505 shares of the company’s stock worth $31,330,000 after purchasing an additional 535,601 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Kohl’s during the 2nd quarter worth $24,585,000. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Kohl’s by 395.9% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 528,734 shares of the company’s stock worth $29,138,000 after purchasing an additional 422,118 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.

Shares of Kohl’s stock opened at $47.77 on Friday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a quick ratio of 0.57, a current ratio of 1.49 and a debt-to-equity ratio of 0.81. The company has a 50-day simple moving average of $52.06 and a 200 day simple moving average of $52.14. Kohl’s Co. has a 12-month low of $42.68 and a 12-month high of $64.80.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Thursday, November 18th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $1.01. Kohl’s had a net margin of 5.15% and a return on equity of 22.21%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company posted $0.01 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities analysts anticipate that Kohl’s Co. will post 7.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 22nd. Investors of record on Wednesday, December 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, December 7th. Kohl’s’s payout ratio is 15.58%.

KSS has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on shares of Kohl’s from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, November 19th. They noted that the move was a valuation call. Cowen raised their target price on shares of Kohl’s from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 19th. Citigroup raised their target price on shares of Kohl’s from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, November 19th. JPMorgan Chase & Co. lowered their target price on shares of Kohl’s from $73.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 4th. Finally, Morgan Stanley raised their target price on shares of Kohl’s from $48.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.54.

About Kohl’s

Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.

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Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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