Kohl's Co. (KSS) Stake Lessened by Tredje AP fonden
Tredje AP fonden lessened its stake in shares of Kohl's Co. (NYSE:KSS) by 23.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,917 shares of the company’s stock after selling 10,480 shares during the quarter. Tredje AP fonden’s holdings in Kohl's were worth $1,548,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Kohl's by 10.1% in the second quarter. Wells Fargo & Company MN now owns 4,117,215 shares of the company’s stock worth $159,213,000 after buying an additional 377,438 shares during the last quarter. Strs Ohio boosted its holdings in shares of Kohl's by 48.9% in the third quarter. Strs Ohio now owns 152,264 shares of the company’s stock worth $6,950,000 after buying an additional 50,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Kohl's by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after buying an additional 186,046 shares during the last quarter. HGK Asset Management Inc. boosted its holdings in shares of Kohl's by 5.0% in the second quarter. HGK Asset Management Inc. now owns 281,319 shares of the company’s stock worth $10,879,000 after buying an additional 13,470 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Kohl's by 11.3% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 89,977 shares of the company’s stock worth $3,479,000 after buying an additional 9,165 shares during the last quarter.
A number of research firms recently issued reports on KSS. Northcoast Research began coverage on shares of Kohl's in a report on Friday. They issued a “neutral” rating on the stock. Jefferies Group reissued a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Kohl's in a report on Friday, August 11th. BMO Capital Markets set a $43.00 price objective on shares of Kohl's and gave the stock a “hold” rating in a report on Friday, August 11th. Instinet reissued a “buy” rating and issued a $51.00 price objective (up previously from $41.00) on shares of Kohl's in a report on Thursday, August 10th. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of Kohl's and gave the stock a “hold” rating in a report on Thursday, August 10th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.74.
Shares of Kohl's Co. (NYSE KSS) opened at $48.88 on Friday. The company has a market cap of $8,087.75, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. Kohl's Co. has a one year low of $35.16 and a one year high of $59.67.
Kohl's (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. equities analysts forecast that Kohl's Co. will post 3.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl's’s payout ratio is currently 58.36%.
In related news, Director Jonas Prising acquired 4,725 shares of Kohl's stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the transaction, the director now directly owns 8,661 shares in the company, valued at approximately $366,793.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.
Kohl's Company Profile
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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