FTB Advisors Inc. Trims Holdings in Kohl’s Corporation (KSS)
FTB Advisors Inc. decreased its position in shares of Kohl’s Corporation (NYSE:KSS) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,882 shares of the company’s stock after selling 3,319 shares during the quarter. FTB Advisors Inc. owned approximately 0.06% of Kohl’s worth $4,762,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Kohl’s by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after buying an additional 186,046 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Kohl’s by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock valued at $211,022,000 after purchasing an additional 647,469 shares during the period. Northern Trust Corp lifted its stake in shares of Kohl’s by 34.9% in the 2nd quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after purchasing an additional 1,396,006 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Kohl’s by 10.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,117,215 shares of the company’s stock valued at $159,213,000 after purchasing an additional 377,438 shares during the period. Finally, Balyasny Asset Management LLC lifted its stake in shares of Kohl’s by 28,709.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock valued at $64,493,000 after purchasing an additional 1,661,997 shares during the period.
Shares of Kohl’s Corporation (NYSE:KSS) opened at $45.09 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. Kohl’s Corporation has a 1 year low of $35.16 and a 1 year high of $59.67. The company has a market cap of $7,601.27, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.80 and a beta of 1.22.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). Kohl’s had a net margin of 3.47% and a return on equity of 12.72%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $0.80 EPS. Kohl’s’s quarterly revenue was up .1% on a year-over-year basis. research analysts expect that Kohl’s Corporation will post 3.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Tuesday, December 5th. Kohl’s’s dividend payout ratio is currently 58.36%.
In other news, Director Jonas Prising acquired 4,725 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the transaction, the director now directly owns 8,661 shares in the company, valued at $366,793.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on KSS. Credit Suisse Group increased their price target on Kohl’s from $39.00 to $44.00 and gave the company an “underperform” rating in a research note on Monday, August 14th. Cowen Inc reissued a “market perform” rating and issued a $42.00 price target (down previously from $43.00) on shares of Kohl’s in a research note on Friday, August 11th. UBS AG reissued a “neutral” rating and issued a $38.00 price target on shares of Kohl’s in a research note on Monday, August 14th. Robert W. Baird reissued a “neutral” rating and issued a $43.00 price target on shares of Kohl’s in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, October 16th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.74.
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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