State of New Jersey Common Pension Fund D Has $3.05 Million Stock Position in Kohl’s Co. (NYSE:KSS)

State of New Jersey Common Pension Fund D boosted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,354 shares of the company’s stock after buying an additional 13,270 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of Kohl’s worth $3,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of Kohl’s by 10.4% in the third quarter. Commonwealth Equity Services LLC now owns 38,415 shares of the company’s stock valued at $805,000 after buying an additional 3,606 shares during the last quarter. Accurate Wealth Management LLC boosted its position in Kohl’s by 19.1% during the 3rd quarter. Accurate Wealth Management LLC now owns 11,477 shares of the company’s stock worth $237,000 after acquiring an additional 1,841 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kohl’s by 13.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,994 shares of the company’s stock worth $461,000 after purchasing an additional 2,569 shares in the last quarter. Strs Ohio bought a new stake in shares of Kohl’s during the 3rd quarter worth approximately $860,000. Finally, Oarsman Capital Inc. bought a new stake in shares of Kohl’s during the 3rd quarter worth approximately $385,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of KSS opened at $24.53 on Friday. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The business’s fifty day moving average is $26.05 and its 200 day moving average is $25.39. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The stock has a market cap of $2.72 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.37 and a beta of 1.98.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The company had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business earned ($2.49) EPS. Kohl’s’s quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Kohl’s Co. will post 2.24 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.15%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KSS. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley increased their price objective on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Telsey Advisory Group increased 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. JPMorgan Chase & Co. increased 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 raised their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.20.

About Kohl’s

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.