JPMorgan Chase & Co. Has $30.91 Million Stake in Kohl’s Corporation $KSS

JPMorgan Chase & Co. raised its stake in shares of Kohl’s Corporation (NYSE:KSS) by 3,123.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,011,182 shares of the company’s stock after buying an additional 1,948,783 shares during the period. JPMorgan Chase & Co. owned 1.79% of Kohl’s worth $30,912,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KSS. Harbor Capital Advisors Inc. acquired a new position in shares of Kohl’s during the 3rd quarter valued at about $28,000. Caldwell Trust Co acquired a new stake in Kohl’s in the 3rd quarter worth approximately $33,000. Future Financial Wealth Managment LLC boosted its position in Kohl’s by 400.0% during the third quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock worth $38,000 after purchasing an additional 2,000 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Kohl’s by 3,855.1% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,729 shares of the company’s stock valued at $42,000 after purchasing an additional 2,660 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in Kohl’s by 46.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,832 shares of the company’s stock valued at $44,000 after purchasing an additional 898 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KSS. Zacks Research cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a report on Thursday, January 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price (up from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. BTIG Research restated a “neutral” rating on shares of Kohl’s in a report on Tuesday, November 25th. Finally, Jefferies Financial Group assumed coverage on Kohl’s in a research note on Wednesday, January 14th. They issued a “hold” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $15.27.

Kohl’s Price Performance

Shares of KSS stock opened at $16.37 on Friday. Kohl’s Corporation has a 12 month low of $6.04 and a 12 month high of $25.22. The company has a market capitalization of $1.84 billion, a P/E ratio of 9.52 and a beta of 1.44. The stock has a 50 day moving average of $19.15 and a two-hundred day moving average of $18.02. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, March 18th. Kohl’s’s payout ratio is 29.07%.

Insider Activity

In other news, CFO Jill Timm sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $22.75, for a total transaction of $568,750.00. Following the completion of the transaction, the chief financial officer directly owned 335,561 shares of the company’s stock, valued at approximately $7,634,012.75. This trade represents a 6.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.