Brandywine Global Investment Management LLC boosted its position in shares of Kohl's Co. (NYSE:KSS) by 274.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,262 shares of the company’s stock after purchasing an additional 147,503 shares during the period. Brandywine Global Investment Management LLC owned about 0.12% of Kohl's worth $10,915,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC bought a new position in shares of Kohl's in the 4th quarter valued at about $3,433,000. Caxton Associates LP bought a new position in shares of Kohl's in the 4th quarter valued at about $542,000. ArrowMark Colorado Holdings LLC bought a new position in shares of Kohl's in the 4th quarter valued at about $9,981,000. Advisor Group Inc. grew its holdings in shares of Kohl's by 40.1% in the 4th quarter. Advisor Group Inc. now owns 61,091 shares of the company’s stock valued at $3,312,000 after acquiring an additional 17,495 shares in the last quarter. Finally, Shellback Capital LP bought a new position in shares of Kohl's in the 4th quarter valued at about $5,423,000.
Shares of Kohl's Co. (NYSE:KSS) opened at $64.11 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The stock has a market cap of $10,770.00, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Kohl's Co. has a 1 year low of $35.16 and a 1 year high of $69.48.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Kohl's’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 13th. Kohl's’s payout ratio is presently 50.93%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction that occurred on 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 in the company, valued at $1,182,546. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Peter Boneparth sold 7,500 shares of Kohl's stock in a transaction that occurred on 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. 1.20% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on KSS shares. BMO Capital Markets reiterated a “market perform” rating on shares of Kohl's in a research note on Monday, March 5th. Cowen upgraded shares of Kohl's from a “market perform” rating to an “outperform” rating and raised their target price for the company from $35.16 to $69.48 in a research note on Friday, March 9th. Royal Bank of Canada set a $69.00 target price on shares of Kohl's and gave the company a “hold” rating in a research note on Thursday, March 1st. Robert W. Baird reiterated an “outperform” rating on shares of Kohl's in a research note on Friday, March 2nd. Finally, Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of Kohl's in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.66.
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.
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.