Quantitative Investment Management LLC acquired a new stake in shares of Kohl's Co. (NYSE:KSS) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 156,500 shares of the company’s stock, valued at approximately $6,230,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Kohl's Co. during the third quarter valued at approximately $131,000. Cedar Wealth Management LLC increased its stake in Kohl's Co. by 5.7% in the third quarter. Cedar Wealth Management LLC now owns 3,624 shares of the company’s stock valued at $159,000 after buying an additional 195 shares in the last quarter. Kernodle & Katon Asset Management Group LLC acquired a new stake in Kohl's Co. during the third quarter valued at approximately $198,000. Seven Eight Capital LP acquired a new stake in Kohl's Co. during the fourth quarter valued at approximately $200,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in Kohl's Co. during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Kohl's Co. (NYSE:KSS) traded up 1.05% during trading on Friday, reaching $37.44. 3,809,568 shares of the company traded hands. The company’s 50-day moving average is $39.03 and its 200 day moving average is $43.82. Kohl's Co. has a 12 month low of $34.10 and a 12 month high of $59.67. The company has a market cap of $6.36 billion, a PE ratio of 10.84 and a beta of 1.12.
Kohl's Co. (NYSE:KSS) last issued its earnings results on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.91 billion. Kohl's Co. had a net margin of 3.17% and a return on equity of 13.59%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. On average, analysts anticipate that Kohl's Co. will post $3.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a dividend of $0.55 per share. The ex-dividend date is Monday, June 5th. This represents a $2.20 dividend on an annualized basis and a yield of 5.94%. Kohl's Co.’s payout ratio is 61.16%.
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Several analysts have commented on KSS shares. BMO Capital Markets reissued a “hold” rating and issued a $45.00 target price on shares of Kohl's Co. in a research report on Monday, March 27th. Vetr downgraded shares of Kohl's Co. from a “buy” rating to a “hold” rating and set a $43.22 target price for the company. in a research report on Thursday, February 9th. Zacks Investment Research raised shares of Kohl's Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Piper Jaffray Companies started coverage on shares of Kohl's Co. in a research report on Friday, February 17th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Royal Bank of Canada set a $42.00 target price on shares of Kohl's Co. and gave the stock a “sell” rating in a research report on Monday, March 20th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. Kohl's Co. has an average rating of “Hold” and a consensus target price of $43.84.
In related news, Director Frank V. Sica sold 14,628 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $42.32, for a total transaction of $619,056.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.
About Kohl's Co.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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