Driehaus Capital Management LLC bought a new stake in Kohl’s (NYSE:KSS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,785 shares of the company’s stock, valued at approximately $368,000.
Other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Kohl’s in the fourth quarter valued at approximately $121,000. Calton & Associates Inc. purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $202,000. Squar Milner Financial Services LLC purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $230,000. Focused Wealth Management Inc purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $201,000. Finally, CIBC World Markets Inc. purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $202,000.
A number of equities analysts have weighed in on KSS shares. Credit Suisse Group assumed coverage on shares of Kohl’s in a research report on Monday, March 12th. They issued an “outperform” rating and a $72.00 price objective for the company. Zacks Investment Research lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Robert W. Baird set a $73.00 price target on shares of Kohl’s and gave the company a “buy” rating in a report on Thursday, March 1st. Piper Jaffray set a $60.00 price target on shares of Kohl’s and gave the company a “hold” rating in a report on Thursday, March 1st. Finally, Citigroup raised their price objective on shares of Kohl’s from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $59.66.
Shares of Kohl’s stock traded down $2.91 during trading on Friday, hitting $64.00. The stock had a trading volume of 5,616,452 shares, compared to its average volume of 3,470,257. The company has a market cap of $10,752.32, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 0.67. Kohl’s has a 1 year low of $35.16 and a 1 year high of $69.48.
Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Thursday, March 1st. The company reported $1.87 EPS 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 analysts’ expectations of $6.74 billion. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. analysts expect that Kohl’s will post 5.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were paid a $0.61 dividend. The ex-dividend date was Tuesday, March 13th. This is a boost from Kohl’s’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 3.81%. Kohl’s’s payout ratio is 58.23%.
In related news, insider Richard D. Schepp sold 5,121 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $65.29, for a total transaction of $334,350.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard D. Schepp sold 42,840 shares of the business’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $65.50, for a total transaction of $2,806,020.00. Following the transaction, the insider now directly owns 199,100 shares in the company, valued at approximately $13,041,050. The disclosure for this sale can be found here. Insiders sold 291,666 shares of company stock valued at $18,808,714 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
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Kohl’s Company Profile
Kohl's Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 28, 2017, it operated 1,154 department stores, 12 FILA outlets, and 3 Off-Aisle clearance centers.
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