Kohl’s (KSS) Stake Lessened by Eaton Vance Management

Eaton Vance Management reduced its position in shares of Kohl’s (NYSE:KSS) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,897 shares of the company’s stock after selling 1,694 shares during the quarter. Eaton Vance Management’s holdings in Kohl’s were worth $1,500,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KSS. Wealthfront Inc. raised its position in shares of Kohl’s by 3.7% during the 1st quarter. Wealthfront Inc. now owns 44,228 shares of the company’s stock worth $2,897,000 after purchasing an additional 1,584 shares during the last quarter. Hourglass Capital LLC raised its position in shares of Kohl’s by 22.2% during the 1st quarter. Hourglass Capital LLC now owns 5,500 shares of the company’s stock worth $360,000 after purchasing an additional 1,000 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Kohl’s by 10.4% during the 1st quarter. State of Wisconsin Investment Board now owns 449,396 shares of the company’s stock worth $29,440,000 after purchasing an additional 42,200 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Kohl’s by 186.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,251,147 shares of the company’s stock worth $147,471,000 after purchasing an additional 1,464,977 shares during the last quarter. Finally, Granite Springs Asset Management LLC acquired a new position in shares of Kohl’s during the 1st quarter worth about $970,000.

Several research analysts recently weighed in on the stock. Robert W. Baird restated an “outperform” rating on shares of Kohl’s in a research report on Friday, March 2nd. BMO Capital Markets upped their price target on shares of Kohl’s to $69.00 and gave the stock a “hold” rating in a research report on Friday, March 2nd. Guggenheim upped their price target on shares of Kohl’s from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. ValuEngine upgraded shares of Kohl’s from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. Finally, Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Monday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $61.00.

KSS stock opened at $60.61 on Wednesday. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.87 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 12 month low of $35.16 and a 12 month high of $69.48.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, May 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.14. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.96 billion. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. sell-side analysts expect that Kohl’s will post 5.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 13th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.03%. Kohl’s’s dividend payout ratio is currently 58.23%.

In other news, Director Stephen E. Watson sold 4,173 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $65.41, for a total transaction of $272,955.93. Following the completion of the sale, the director now owns 16,800 shares in the company, valued at approximately $1,098,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Mansell sold 142,552 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $64.20, for a total transaction of $9,151,838.40. The disclosure for this sale can be found here. Insiders have sold a total of 310,006 shares of company stock valued at $20,025,940 in the last 90 days. Insiders own 1.20% of the company’s stock.

Kohl’s Profile

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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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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