Chesley Taft & Associates LLC acquired a new stake in Kohl’s Co. (NYSE:KSS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,900 shares of the company’s stock, valued at approximately $1,856,000.
Other large investors have also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. raised its position in shares of Kohl’s by 29.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 59,862 shares of the company’s stock valued at $4,364,000 after buying an additional 13,462 shares during the last quarter. Rampart Investment Management Company LLC increased its position in Kohl’s by 975.3% during the second quarter. Rampart Investment Management Company LLC now owns 53,398 shares of the company’s stock worth $3,893,000 after purchasing an additional 48,432 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Kohl’s during the second quarter worth approximately $823,000. Dai Ichi Life Insurance Company Ltd acquired a new position in Kohl’s during the second quarter worth approximately $3,101,000. Finally, Bank of Nova Scotia increased its position in Kohl’s by 8.8% during the second quarter. Bank of Nova Scotia now owns 132,790 shares of the company’s stock worth $9,681,000 after purchasing an additional 10,765 shares during the last quarter.
In other news, EVP Ratnakar Lavu sold 12,205 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $82.00, for a total value of $1,000,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sona Chawla sold 27,223 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $80.92, for a total transaction of $2,202,885.16. Following the completion of the sale, the president now directly owns 253,021 shares of the company’s stock, valued at approximately $20,474,459.32. 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 three months. Company insiders own 1.20% of the company’s stock.
Several equities analysts recently commented on KSS shares. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, July 24th. Telsey Advisory Group upped their price target on shares of Kohl’s from $86.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Morgan Stanley upped their price target on shares of Kohl’s from $45.00 to $51.00 and gave the stock an “underweight” rating in a research report on Thursday, August 23rd. Goldman Sachs Group started coverage on shares of Kohl’s in a research report on Monday, September 3rd. They set a “buy” rating and a $91.00 price target for the company. Finally, Credit Suisse Group upped their price target on shares of Kohl’s from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $78.20.
Kohl’s stock opened at $72.65 on Friday. Kohl’s Co. has a 52-week low of $37.97 and a 52-week high of $82.42. The firm has a market capitalization of $12.43 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.12. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Kohl’s Co. will post 5.45 EPS for the current fiscal year.
The firm also recently disclosed 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 of this dividend was Tuesday, September 11th. Kohl’s’s payout ratio is currently 58.23%.
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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