Advisor Group Inc. raised its holdings in shares of Kohl's Co. (NYSE:KSS) by 40.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,091 shares of the company’s stock after purchasing an additional 17,495 shares during the period. Advisor Group Inc.’s holdings in Kohl's were worth $3,312,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. State of Wisconsin Investment Board increased its stake in Kohl's by 10.1% during the third quarter. State of Wisconsin Investment Board now owns 174,501 shares of the company’s stock valued at $7,966,000 after purchasing an additional 16,069 shares during the last quarter. Maverick Capital Ltd. increased its stake in Kohl's by 286.9% during the fourth quarter. Maverick Capital Ltd. now owns 332,120 shares of the company’s stock valued at $18,011,000 after purchasing an additional 246,270 shares during the last quarter. Creative Planning increased its stake in Kohl's by 37.4% during the fourth quarter. Creative Planning now owns 6,174 shares of the company’s stock valued at $335,000 after purchasing an additional 1,681 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in Kohl's during the third quarter valued at $281,000. Finally, Global Financial Private Capital LLC increased its stake in Kohl's by 93.4% during the fourth quarter. Global Financial Private Capital LLC now owns 19,015 shares of the company’s stock valued at $1,031,000 after purchasing an additional 9,185 shares during the last quarter.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the completion of the sale, the director now directly owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Boneparth sold 7,500 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total transaction of $496,350.00. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Kohl's (NYSE:KSS) last posted its quarterly earnings data on Thursday, March 1st. The company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.10. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.74 billion. Kohl's had a net margin of 4.50% and a return on equity of 13.73%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. analysts forecast that Kohl's Co. will post 5.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $2.44 annualized dividend and a yield of 3.81%. This is an increase from Kohl's’s previous quarterly dividend of $0.55. Kohl's’s dividend payout ratio is presently 50.93%.
KSS has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Kohl's from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Friday, March 2nd. Robert W. Baird set a $73.00 price target on shares of Kohl's and gave the stock a “buy” rating in a research report on Thursday, March 1st. BMO Capital Markets upped their price target on shares of Kohl's to $69.00 and gave the stock a “hold” rating in a research report on Friday, March 2nd. Cowen restated a “hold” rating and set a $66.00 price target on shares of Kohl's in a research report on Friday, March 2nd. Finally, ValuEngine upgraded shares of Kohl's from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Kohl's currently has a consensus rating of “Hold” and an average target price of $59.66.
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Kohl's Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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