Pacer Advisors Inc. Buys 9,925,878 Shares of Kohl’s Co. (NYSE:KSS)

Pacer Advisors Inc. lifted its holdings in Kohl’s Co. (NYSE:KSS) by 149.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,572,086 shares of the company’s stock after purchasing an additional 9,925,878 shares during the period. Pacer Advisors Inc. owned 0.15% of Kohl’s worth $349,671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after purchasing an additional 52,126 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after purchasing an additional 643,913 shares during the period. AQR Capital Management LLC grew its stake in shares of Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares during the period. Squarepoint Ops LLC grew its stake in shares of Kohl’s by 6,076.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after purchasing an additional 1,804,809 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Kohl’s by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,647,703 shares of the company’s stock valued at $37,881,000 after purchasing an additional 10,925 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on KSS. Robert W. Baird lowered their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Citigroup lowered their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley lowered Kohl’s to an “underweight” rating and decreased their price target for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Finally, Evercore ISI decreased their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.43.

Kohl’s Stock Down 4.1 %

Shares of KSS opened at $16.32 on Thursday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 1.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The business’s fifty day moving average price is $19.06 and its two-hundred day moving average price is $20.99. Kohl’s Co. has a 52 week low of $16.24 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, analysts predict that Kohl’s Co. will post 1.81 earnings per share for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 12.26%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is presently 78.43%.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

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.