Kohl's Co. (KSS) Shares Sold by American International Group Inc.
American International Group Inc. lessened its stake in shares of Kohl's Co. (NYSE:KSS) by 98.8% in the 4th quarter, HoldingsChannel reports. The fund owned 115,569 shares of the company’s stock after selling 9,407,404 shares during the period. American International Group Inc.’s holdings in Kohl's were worth $6,267,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Kohl's during the fourth quarter valued at approximately $121,000. Calton & Associates Inc. bought a new position in Kohl's in the fourth quarter worth approximately $202,000. CIBC World Markets Inc. bought a new position in Kohl's in the fourth quarter worth approximately $202,000. Keybank National Association OH bought a new position in Kohl's in the third quarter worth approximately $207,000. Finally, VNBTrust National Association bought a new position in Kohl's in the fourth quarter worth approximately $212,000.
A number of equities analysts recently commented on KSS shares. Gordon Haskett raised shares of Kohl's from a “hold” rating to an “accumulate” rating in a research note on Thursday, November 9th. Robert W. Baird raised shares of Kohl's from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $46.00 to $47.00 in a research note on Friday, November 10th. Royal Bank of Canada reissued a “sell” rating on shares of Kohl's in a research note on Sunday, November 12th. ValuEngine raised shares of Kohl's from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Northcoast Research started coverage on shares of Kohl's in a research note on Friday, December 8th. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kohl's presently has a consensus rating of “Hold” and a consensus price target of $58.23.
Kohl's (NYSE:KSS) last released its quarterly earnings results on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.10. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. sell-side analysts anticipate that Kohl's Co. will post 4.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, March 13th. This is a positive change from Kohl's’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.67%. Kohl's’s payout ratio is 58.36%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the sale, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.
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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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