Kohl’s Co. (KSS) Shares Bought by Afam Capital Inc.
Afam Capital Inc. boosted its position in shares of Kohl’s Co. (NYSE:KSS) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,103 shares of the company’s stock after purchasing an additional 861 shares during the quarter. Afam Capital Inc. owned approximately 0.06% of Kohl’s worth $7,015,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KSS. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kohl’s in the second quarter valued at $106,000. MUFG Americas Holdings Corp lifted its position in shares of Kohl’s by 280.0% in the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock valued at $139,000 after acquiring an additional 1,400 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its position in shares of Kohl’s by 125.8% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock valued at $172,000 after acquiring an additional 1,276 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Kohl’s in the third quarter valued at $182,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Kohl’s by 39.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,551 shares of the company’s stock valued at $190,000 after acquiring an additional 718 shares in the last quarter.
KSS has been the topic of several recent research reports. Cowen restated a “buy” rating and issued a $90.00 price objective on shares of Kohl’s in a research report on Thursday, August 16th. Royal Bank of Canada reduced their price objective on Kohl’s to $73.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 21st. ValuEngine downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Citigroup reduced their price objective on Kohl’s from $79.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 21st. Finally, Telsey Advisory Group reduced their price objective on Kohl’s from $99.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.25.
Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 20th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.36 billion. Kohl’s had a return on equity of 16.06% and a net margin of 4.94%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. Research analysts predict that Kohl’s Co. will post 5.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 11th. This represents a $2.44 annualized dividend and a yield of 3.91%. Kohl’s’s dividend payout ratio is presently 58.23%.
In other Kohl’s news, President Sona Chawla sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 26th. The stock was 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 directly owns 224,159 shares in the company, valued at $16,742,435.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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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