Corient Capital Partners LLC Raises Holdings in Kohl's Co. (KSS)
Corient Capital Partners LLC grew its position in Kohl's Co. (NYSE:KSS) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,806 shares of the company’s stock after acquiring an additional 1,822 shares during the period. Corient Capital Partners LLC’s holdings in Kohl's were worth $3,243,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of KSS. Mutual of America Capital Management LLC boosted its holdings in shares of Kohl's by 13.0% in the third quarter. Mutual of America Capital Management LLC now owns 23,346 shares of the company’s stock valued at $1,066,000 after acquiring an additional 2,693 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Kohl's by 2.5% in the third quarter. Nationwide Fund Advisors now owns 71,221 shares of the company’s stock valued at $3,251,000 after acquiring an additional 1,770 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Kohl's by 31.2% in the third quarter. Pictet Asset Management Ltd. now owns 133,778 shares of the company’s stock valued at $6,107,000 after acquiring an additional 31,800 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Kohl's by 34.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,121 shares of the company’s stock valued at $964,000 after acquiring an additional 5,454 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Kohl's in the third quarter valued at about $1,267,000.
Shares of Kohl's Co. (KSS) opened at $66.50 on Friday. The company has a quick ratio of 0.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. Kohl's Co. has a 52 week low of $35.16 and a 52 week high of $69.48. The company has a market cap of $11,170.00, a PE ratio of 15.39, a P/E/G ratio of 2.01 and a beta of 1.27.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, March 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.67%. This is a boost from Kohl's’s previous quarterly dividend of $0.55. Kohl's’s payout ratio is presently 50.93%.
Several analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $69.00 target price on shares of Kohl's in a report on Friday. Robert W. Baird reaffirmed an “outperform” rating on shares of Kohl's in a report on Friday. Guggenheim lifted their target price on shares of Kohl's from $60.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. ValuEngine raised shares of Kohl's from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $100.00 target price on shares of Kohl's in a report on Friday, January 19th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Kohl's presently has an average rating of “Hold” and an average price target of $58.23.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the transaction, the director now owns 21,960 shares in the company, valued at $1,182,546. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
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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