King Luther Capital Management Corp lessened its stake in shares of Kohl’s Co. (NYSE:KSS) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,025 shares of the company’s stock after selling 8,495 shares during the period. King Luther Capital Management Corp’s holdings in Kohl’s were worth $4,624,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in KSS. American Century Companies Inc. purchased a new stake in Kohl’s during the 2nd quarter worth approximately $90,847,000. Janus Henderson Group PLC grew its position in Kohl’s by 230.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,786,420 shares of the company’s stock worth $130,231,000 after purchasing an additional 1,245,073 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kohl’s by 125.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,600,722 shares of the company’s stock worth $116,690,000 after purchasing an additional 891,977 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC purchased a new stake in Kohl’s during the 2nd quarter worth approximately $59,996,000. Finally, Panagora Asset Management Inc. grew its position in Kohl’s by 1,821.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 689,097 shares of the company’s stock worth $51,372,000 after purchasing an additional 653,227 shares during the last quarter.
In other news, President Sona Chawla sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $74.69, for a total value of $746,900.00. Following the sale, the president now directly owns 224,159 shares of the company’s stock, valued at approximately $16,742,435.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.
Several analysts have weighed in on KSS shares. Guggenheim reissued a “buy” rating and set a $85.00 target price on shares of Kohl’s in a research report on Tuesday, August 21st. Cowen reissued a “buy” rating and set a $90.00 target price on shares of Kohl’s in a research report on Thursday, August 16th. ValuEngine raised shares of Kohl’s from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. 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 target price on the stock. Finally, Bank of America reissued a “buy” rating and set a $90.00 target price on shares of Kohl’s in a research report on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $77.25.
KSS stock opened at $62.48 on Friday. The firm has a market capitalization of $10.94 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company has a current ratio of 1.58, a quick ratio of 0.37 and a debt-to-equity ratio of 0.70. Kohl’s Co. has a 12 month low of $48.53 and a 12 month high of $83.28.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. On average, research analysts expect that Kohl’s Co. will post 5.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Tuesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is currently 58.23%.
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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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