Tower Research Capital LLC TRC purchased a new position in shares of Kohl’s Co. (NYSE:KSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,658 shares of the company’s stock, valued at approximately $704,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in KSS. Aperio Group LLC raised its stake in Kohl’s by 18.5% in the first quarter. Aperio Group LLC now owns 130,021 shares of the company’s stock valued at $8,518,000 after buying an additional 20,283 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Kohl’s during the first quarter worth about $402,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Kohl’s by 75.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,822 shares of the company’s stock worth $578,000 after purchasing an additional 3,796 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Kohl’s during the first quarter worth about $351,000. Finally, IFP Advisors Inc grew its holdings in shares of Kohl’s by 187.4% during the first quarter. IFP Advisors Inc now owns 4,153 shares of the company’s stock worth $272,000 after purchasing an additional 2,708 shares during the last quarter.
Shares of Kohl’s stock traded up $1.83 during trading on Friday, hitting $72.65. 3,610,100 shares of the company were exchanged, compared to its average volume of 3,698,992. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 0.53. Kohl’s Co. has a fifty-two week low of $37.97 and a fifty-two week high of $82.42. The company has a market capitalization of $12.43 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.05 and a beta of 1.30.
Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.27 billion. Kohl’s had a return on equity of 15.55% and a net margin of 4.79%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. As a group, research analysts expect that Kohl’s Co. will post 5.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were paid a $0.61 dividend. The ex-dividend date was Tuesday, September 11th. This represents a $2.44 annualized dividend and a yield of 3.36%. Kohl’s’s payout ratio is currently 58.23%.
In related news, Director Stephanie A. Streeter sold 4,776 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $81.50, for a total transaction of $389,244.00. Following the completion of the sale, the director now directly owns 24,860 shares of the company’s stock, valued at approximately $2,026,090. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Sona Chawla sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $74.69, for a total transaction of $746,900.00. Following the sale, the president now directly owns 224,159 shares of the company’s stock, valued at $16,742,435.71. The disclosure for this sale can be found here. Insiders sold a total of 75,788 shares of company stock valued at $6,104,331 over the last ninety days. 1.20% of the stock is owned by corporate insiders.
KSS has been the topic of a number of research reports. UBS Group assumed coverage on Kohl’s in a report on Thursday, June 21st. They issued a “neutral” rating and a $75.00 price objective on the stock. Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Tuesday, July 17th. ValuEngine lowered Kohl’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wedbush assumed coverage on Kohl’s in a report on Friday, August 10th. They issued a “neutral” rating and a $75.00 price objective on the stock. Finally, Cowen reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Kohl’s in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $78.20.
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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