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

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

A number of other large investors have also recently bought and sold shares of KSS. Harbor Capital Advisors Inc. bought a new position in shares of Kohl’s during the third quarter valued at $28,000. Caldwell Trust Co bought a new stake in shares of Kohl’s in the 3rd quarter worth about $33,000. Future Financial Wealth Managment LLC increased its position in shares of Kohl’s by 400.0% during the 3rd 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Kohl’s by 3,855.1% during the 3rd 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 boosted its position in Kohl’s by 46.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,832 shares of the company’s stock valued at $44,000 after buying an additional 898 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer directly owned 325,561 shares in the company, valued at approximately $7,813,464. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on KSS shares. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a research note on Tuesday, November 25th. Wall Street Zen lowered Kohl’s from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group lifted their price objective on Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a research report on Wednesday, November 26th. Citigroup reduced their price objective on Kohl’s from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, Zacks Research lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Kohl’s has an average rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Stock Down 6.2%

NYSE:KSS opened at $16.37 on Friday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 9.52 and a beta of 1.44. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The stock’s fifty day moving average price is $19.15 and its two-hundred day moving average price is $18.02. Kohl’s Corporation has a 52-week low of $6.04 and a 52-week high of $25.22.

Kohl’s Dividend Announcement

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

Kohl’s Profile

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.