Kohl’s Co. (NYSE:KSS) Stake Raised by Covestor Ltd

Covestor Ltd boosted its holdings in Kohl’s Co. (NYSE:KSSGet Rating) by 216.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,223 shares of the company’s stock after purchasing an additional 2,887 shares during the quarter. Covestor Ltd’s holdings in Kohl’s were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KSS. DekaBank Deutsche Girozentrale acquired a new stake in Kohl’s during the 1st quarter worth about $49,000. Advisor Group Holdings Inc. raised its holdings in Kohl’s by 5.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 18,425 shares of the company’s stock worth $936,000 after buying an additional 993 shares during the period. Swiss National Bank raised its holdings in Kohl’s by 3.5% during the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $21,524,000 after buying an additional 12,200 shares during the period. Insight Folios Inc raised its holdings in Kohl’s by 3.5% during the 1st quarter. Insight Folios Inc now owns 98,695 shares of the company’s stock worth $5,967,000 after buying an additional 3,326 shares during the period. Finally, Oarsman Capital Inc. acquired a new stake in Kohl’s during the 1st quarter worth about $559,000. 91.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Peter Boneparth bought 25,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was purchased at an average price of $30.01 per share, with a total value of $750,250.00. Following the completion of the transaction, the director now directly owns 70,700 shares of the company’s stock, valued at $2,121,707. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Jonas Prising bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was purchased at an average price of $29.67 per share, with a total value of $296,700.00. Following the completion of the transaction, the director now directly owns 60,647 shares of the company’s stock, valued at $1,799,396.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Boneparth purchased 25,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were acquired at an average price of $30.01 per share, with a total value of $750,250.00. Following the completion of the acquisition, the director now owns 70,700 shares of the company’s stock, valued at $2,121,707. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KSS shares. Evercore ISI cut their price objective on Kohl’s to $32.00 in a report on Monday, August 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Kohl’s from $37.00 to $36.00 in a research note on Friday, August 19th. Citigroup cut Kohl’s from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $39.00 in a research note on Monday, May 23rd. Gordon Haskett cut Kohl’s from an “accumulate” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Thursday, July 7th. Finally, Cowen cut Kohl’s from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $60.00 to $35.00 in a research note on Thursday, August 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.27.

Kohl’s Trading Up 1.4 %

Shares of NYSE KSS opened at $30.03 on Friday. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.23 and a beta of 1.60. The business has a 50 day simple moving average of $29.64 and a 200 day simple moving average of $44.11. Kohl’s Co. has a 52 week low of $26.07 and a 52 week high of $64.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.18 and a current ratio of 1.37.

Kohl’s (NYSE:KSSGet Rating) last announced its quarterly earnings results on Thursday, August 18th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.03 by $0.08. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Kohl’s had a return on equity of 15.04% and a net margin of 3.70%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.48 EPS. On average, research analysts predict that Kohl’s Co. will post 3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.66%. Kohl’s’s payout ratio is currently 39.45%.

Kohl’s Profile

(Get Rating)

Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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