IFM Investors Pty Ltd Buys Shares of 6,161 Kohl's Co. (KSS)
IFM Investors Pty Ltd bought a new stake in shares of Kohl's Co. (NYSE:KSS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,161 shares of the company’s stock, valued at approximately $281,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. increased its position in Kohl's by 0.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after purchasing an additional 10 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of Kohl's by 1.2% during the 2nd quarter. Sentry Investment Management LLC now owns 12,892 shares of the company’s stock worth $499,000 after buying an additional 158 shares in the last quarter. Ropes Wealth Advisors LLC boosted its holdings in shares of Kohl's by 1.5% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 11,717 shares of the company’s stock worth $453,000 after buying an additional 175 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Kohl's by 3.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after buying an additional 245 shares in the last quarter. Finally, WFG Advisors LP boosted its holdings in shares of Kohl's by 3.3% during the 2nd quarter. WFG Advisors LP now owns 9,154 shares of the company’s stock worth $354,000 after buying an additional 296 shares in the last quarter.
A number of research firms have issued reports on KSS. Jefferies Group restated a “buy” rating on shares of Kohl's in a report on Monday. Zacks Investment Research upgraded Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, October 16th. Robert W. Baird restated a “neutral” rating and set a $43.00 price target on shares of Kohl's in a report on Thursday, September 7th. Gordon Haskett upgraded Kohl's from a “hold” rating to an “accumulate” rating in a report on Thursday, November 9th. Finally, Citigroup increased their price target on Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.74.
Kohl's Co. (NYSE:KSS) opened at $51.35 on Monday. Kohl's Co. has a twelve month low of $35.16 and a twelve month high of $55.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. The stock has a market capitalization of $8,627.06, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.05 and a beta of 1.24.
Kohl's (NYSE:KSS) last issued its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Kohl's had a return on equity of 12.72% and a net margin of 3.47%. 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 business earned $0.80 earnings per share. Kohl's’s revenue for the quarter was up .1% on a year-over-year basis. analysts predict that Kohl's Co. will post 3.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Tuesday, December 5th. Kohl's’s dividend payout ratio is currently 58.36%.
Kohl's Company Profile
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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