Kohl's Co. (KSS) Position Lifted by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec increased its position in shares of Kohl's Co. (NYSE:KSS) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,300 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Kohl's were worth $1,893,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in Kohl's by 33.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,834 shares of the company’s stock worth $380,000 after buying an additional 2,472 shares during the period. Sei Investments Co. raised its holdings in Kohl's by 6.8% during the 2nd quarter. Sei Investments Co. now owns 129,970 shares of the company’s stock worth $5,026,000 after buying an additional 8,273 shares during the period. IFP Advisors Inc raised its holdings in Kohl's by 4.0% during the 2nd quarter. IFP Advisors Inc now owns 6,928 shares of the company’s stock worth $268,000 after buying an additional 267 shares during the period. Global X Management Co. LLC raised its holdings in shares of Kohl's by 7.4% in the second quarter. Global X Management Co. LLC now owns 8,061 shares of the company’s stock valued at $312,000 after purchasing an additional 553 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Kohl's by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,098,025 shares of the company’s stock valued at $42,461,000 after purchasing an additional 62,310 shares during the last quarter.
Shares of Kohl's Co. (KSS) traded down $0.17 on Wednesday, reaching $50.29. 2,984,900 shares of the company were exchanged, compared to its average volume of 4,459,377. The firm has a market capitalization of $8,477.52, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 2.02 and a beta of 1.24. Kohl's Co. has a fifty-two week low of $35.16 and a fifty-two week high of $55.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63.
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 return on equity of 12.72% and a net margin of 3.47%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. analysts predict that Kohl's Co. will post 3.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 4.37%. Kohl's’s dividend payout ratio (DPR) is 58.36%.
In related news, Director Jonas Prising acquired 4,725 shares of Kohl's stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $42.35 per share, with a total value of $200,103.75. Following the completion of the transaction, the director now directly owns 8,661 shares in the company, valued at approximately $366,793.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.
A number of analysts have recently issued reports on KSS shares. Royal Bank of Canada set a $39.00 price objective on shares of Kohl's and gave the company a “sell” rating in a report on Tuesday, August 29th. BidaskClub downgraded shares of Kohl's from a “hold” rating to a “sell” rating in a report on Sunday, August 20th. ValuEngine upgraded shares of Kohl's from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Telsey Advisory Group upgraded shares of Kohl's from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $50.00 in a report on Monday, October 9th. Finally, Robert W. Baird upgraded shares of Kohl's from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $46.00 to $47.00 in a report on Friday, November 10th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.74.
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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