Kohl’s Co. (NYSE:KSS) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in shares of Kohl’s Co. (NYSE:KSS) by 149.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,572,086 shares of the company’s stock after acquiring an additional 9,925,878 shares during the quarter. Pacer Advisors Inc. owned about 14.90% of Kohl’s worth $349,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Security National Bank acquired a new stake in Kohl’s during the second quarter worth about $34,000. Farther Finance Advisors LLC grew its stake in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. CWM LLC grew its stake in shares of Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Kohl’s in the second quarter valued at about $49,000. Finally, Summit Securities Group LLC grew its stake in shares of Kohl’s by 50.0% in the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after buying an additional 800 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup lowered their target price on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley downgraded Kohl’s to an “underweight” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Evercore ISI reduced their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Finally, TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average price target of $20.43.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by insiders.

Kohl’s Trading Down 4.1 %

Shares of NYSE KSS opened at $16.32 on Thursday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.94. Kohl’s Co. has a 12-month low of $16.24 and a 12-month high of $29.60. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $20.99.

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

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 12.26%. Kohl’s’s dividend payout ratio (DPR) is presently 78.43%.

Kohl’s 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.