Butensky & Cohen Financial Security Inc. lowered its holdings in Kohl’s Co. (NYSE:KSS) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,905 shares of the company’s stock after selling 3,015 shares during the period. Kohl’s accounts for 1.6% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 28th biggest position. Butensky & Cohen Financial Security Inc.’s holdings in Kohl’s were worth $2,006,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kohl’s in the second quarter valued at $106,000. MUFG Americas Holdings Corp grew its position in shares of Kohl’s by 280.0% in the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock valued at $139,000 after purchasing an additional 1,400 shares during the period. Smithfield Trust Co. grew its position in shares of Kohl’s by 5,170.0% in the second quarter. Smithfield Trust Co. now owns 2,635 shares of the company’s stock valued at $192,000 after purchasing an additional 2,585 shares during the period. HL Financial Services LLC purchased a new stake in shares of Kohl’s in the second quarter valued at $203,000. Finally, UMB Bank N A MO purchased a new stake in shares of Kohl’s in the second quarter valued at $206,000.
Shares of NYSE KSS traded up $1.82 on Friday, hitting $72.64. The company had a trading volume of 351,524 shares, compared to its average volume of 3,699,554. Kohl’s Co. has a 12-month low of $37.97 and a 12-month high of $82.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 0.53. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.05 and a beta of 1.30.
Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, August 21st. The company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Kohl’s had a return on equity of 15.55% and a net margin of 4.79%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Research analysts expect that Kohl’s Co. will post 5.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 12th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Tuesday, September 11th. Kohl’s’s payout ratio is 58.23%.
In other news, insider Richard D. Schepp sold 21,584 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $81.75, for a total value of $1,764,492.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephanie A. Streeter sold 4,776 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $81.50, for a total value of $389,244.00. Following the completion of the transaction, the director now owns 24,860 shares in the company, valued at approximately $2,026,090. The disclosure for this sale can be found here. Insiders sold 75,788 shares of company stock valued at $6,104,331 in the last ninety days. Company insiders own 1.20% of the company’s stock.
KSS has been the subject of a number of research reports. Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Tuesday, July 17th. MKM Partners boosted their price target on Kohl’s to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. ValuEngine downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Citigroup downgraded Kohl’s from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Thursday, June 14th. Finally, Royal Bank of Canada set a $82.00 price target on Kohl’s and gave the company a “hold” rating in a research report on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.20.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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