GAM Holding AG reduced its holdings in Kohl’s Co. (NYSE:KSS) by 7.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,917 shares of the company’s stock after selling 1,564 shares during the period. GAM Holding AG’s holdings in Kohl’s were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA bought a new stake in shares of Kohl’s in the 2nd quarter worth about $106,000. MUFG Americas Holdings Corp lifted its holdings in shares of Kohl’s by 280.0% in the 2nd quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock worth $139,000 after acquiring an additional 1,400 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in shares of Kohl’s by 125.8% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock worth $172,000 after acquiring an additional 1,276 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Kohl’s in the 3rd quarter worth about $182,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Kohl’s by 39.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,551 shares of the company’s stock worth $190,000 after acquiring an additional 718 shares during the last quarter.
In related news, President Sona Chawla sold 10,000 shares of Kohl’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $74.69, for a total transaction of $746,900.00. Following the completion of the sale, the president now owns 224,159 shares in the company, valued at approximately $16,742,435.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.
KSS has been the subject of several analyst reports. Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Kohl’s in a report on Tuesday, August 21st. Cowen restated a “buy” rating and issued a $90.00 target price on shares of Kohl’s in a report on Thursday, August 16th. ValuEngine upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Goldman Sachs Group initiated coverage on shares of Kohl’s in a report on Monday, September 3rd. They issued a “buy” rating and a $91.00 target price for the company. Finally, Bank of America restated a “buy” rating and issued a $90.00 target price on shares of Kohl’s in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Kohl’s currently has a consensus rating of “Hold” and an average price target of $77.25.
Shares of KSS opened at $64.90 on Thursday. Kohl’s Co. has a 1-year low of $47.26 and a 1-year high of $83.28. The stock has a market cap of $10.82 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.58 and a quick ratio of 0.37.
Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts forecast that Kohl’s Co. will post 5.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 11th. This represents a $2.44 dividend on an annualized basis and a yield of 3.76%. Kohl’s’s payout ratio is 58.23%.
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Kohl’s Company 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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