South Dakota Investment Council reduced its stake in shares of Kohl’s (NYSE:KSS) by 30.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 179,497 shares of the company’s stock after selling 78,937 shares during the period. South Dakota Investment Council’s holdings in Kohl’s were worth $11,759,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Holderness Investments Co. acquired a new stake in Kohl’s during the 1st quarter worth approximately $234,000. Toronto Dominion Bank raised its holdings in Kohl’s by 28.6% during the 1st quarter. Toronto Dominion Bank now owns 93,502 shares of the company’s stock worth $6,124,000 after buying an additional 20,774 shares during the period. Matarin Capital Management LLC acquired a new stake in shares of Kohl’s in the first quarter valued at approximately $3,350,000. IFP Advisors Inc raised its holdings in shares of Kohl’s by 187.4% in the first quarter. IFP Advisors Inc now owns 4,153 shares of the company’s stock valued at $272,000 after purchasing an additional 2,708 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Kohl’s in the first quarter valued at approximately $351,000.
Kohl’s opened at $62.26 on Thursday, MarketBeat Ratings reports. Kohl’s has a 1-year low of $35.16 and a 1-year high of $69.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 0.67. The firm has a market capitalization of $10.18 billion, a P/E ratio of 14.86, a PEG ratio of 1.74 and a beta of 1.27.
Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, May 22nd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.14. Kohl’s had a net margin of 4.46% and a return on equity of 14.42%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. sell-side analysts anticipate that Kohl’s will post 5.22 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 3.92%. Kohl’s’s dividend payout ratio is presently 58.23%.
In other Kohl’s news, Director Stephen E. Watson sold 18,340 shares of Kohl’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $66.37, for a total transaction of $1,217,225.80. Following the completion of the transaction, the director now directly owns 12,213 shares of the company’s stock, valued at $810,576.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen E. Watson sold 4,173 shares of Kohl’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $65.41, for a total transaction of $272,955.93. Following the transaction, the director now directly owns 16,800 shares of the company’s stock, valued at $1,098,888. The disclosure for this sale can be found here. Insiders sold 310,006 shares of company stock valued at $20,025,940 over the last three months. 1.20% of the stock is owned by company insiders.
A number of research firms have recently issued reports on KSS. MKM Partners set a $67.00 price objective on shares of Kohl’s and gave the company a “hold” rating in a report on Tuesday, May 15th. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $75.00 price objective on shares of Kohl’s in a report on Tuesday. Credit Suisse Group reiterated a “neutral” rating and issued a $72.00 price objective on shares of Kohl’s in a report on Friday, May 11th. Finally, ValuEngine downgraded shares of Kohl’s from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Kohl’s has a consensus rating of “Hold” and an average target price of $61.19.
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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