First Citizens Bank & Trust Co. Trims Holdings in Kohl’s Co. (KSS)

First Citizens Bank & Trust Co. reduced its stake in Kohl’s Co. (NYSE:KSS) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,239 shares of the company’s stock after selling 1,716 shares during the period. First Citizens Bank & Trust Co.’s holdings in Kohl’s were worth $2,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Radnor Capital Management LLC increased its holdings in Kohl’s by 2.5% in the 3rd quarter. Radnor Capital Management LLC now owns 30,725 shares of the company’s stock valued at $2,291,000 after acquiring an additional 755 shares during the last quarter. Global X Management Co LLC increased its holdings in Kohl’s by 11.6% in the 2nd quarter. Global X Management Co LLC now owns 7,566 shares of the company’s stock valued at $552,000 after acquiring an additional 789 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Kohl’s by 4.7% in the 2nd quarter. CIBC Asset Management Inc now owns 20,906 shares of the company’s stock valued at $1,524,000 after acquiring an additional 938 shares during the last quarter. Kwmg LLC increased its holdings in Kohl’s by 2.3% in the 2nd quarter. Kwmg LLC now owns 42,623 shares of the company’s stock valued at $3,107,000 after acquiring an additional 942 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in Kohl’s by 6.4% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 15,750 shares of the company’s stock valued at $1,148,000 after acquiring an additional 947 shares during the last quarter.

In related news, Director Stephanie A. Streeter sold 4,776 shares of Kohl’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $81.50, for a total transaction of $389,244.00. Following the completion of the transaction, the director now directly owns 24,860 shares of the company’s stock, valued at approximately $2,026,090. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Sona Chawla sold 10,000 shares of Kohl’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $74.69, for a total transaction of $746,900.00. Following the transaction, the president now directly owns 224,159 shares of the company’s stock, valued at $16,742,435.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,788 shares of company stock valued at $6,104,331. 1.20% of the stock is owned by corporate insiders.

Shares of Kohl’s stock traded up $0.64 during trading hours on Thursday, reaching $71.48. The company’s stock had a trading volume of 150,581 shares, compared to its average volume of 3,678,804. Kohl’s Co. has a one year low of $37.97 and a one year high of $82.42. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a market cap of $12.43 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, August 21st. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Kohl’s Co. will post 5.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Wednesday, September 12th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.41%. Kohl’s’s dividend payout ratio is presently 58.23%.

A number of analysts have issued reports on the stock. Royal Bank of Canada set a $82.00 price target on shares of Kohl’s and gave the company a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, July 20th. MKM Partners boosted their target price on shares of Kohl’s to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. Wedbush started coverage on shares of Kohl’s in a report on Friday, August 10th. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, UBS Group started coverage on shares of Kohl’s in a report on Thursday, June 21st. They issued a “neutral” rating and a $75.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $78.20.

About Kohl’s

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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