Kohl's Co. (KSS) Shares Sold by Credit Agricole S A
Credit Agricole S A decreased its holdings in Kohl's Co. (NYSE:KSS) by 99.8% in the 4th quarter, Holdings Channel reports. The firm owned 5,980 shares of the company’s stock after selling 2,397,651 shares during the quarter. Credit Agricole S A’s holdings in Kohl's were worth $324,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC bought a new position in Kohl's in the 4th quarter valued at $121,000. Calton & Associates Inc. bought a new position in Kohl's in the 4th quarter valued at $202,000. Squar Milner Financial Services LLC bought a new stake in shares of Kohl's during the fourth quarter worth $230,000. CIBC World Markets Inc. bought a new stake in shares of Kohl's during the fourth quarter worth $202,000. Finally, VNBTrust National Association bought a new stake in shares of Kohl's during the fourth quarter worth $212,000.
Shares of Kohl's Co. (NYSE KSS) opened at $66.50 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 2.01. Kohl's Co. has a 52 week low of $35.16 and a 52 week high of $69.48. The company has a market capitalization of $11,172.32, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.78 and a beta of 1.27.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This is a boost from Kohl's’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.67%. Kohl's’s payout ratio is 42.80%.
In related news, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.
KSS has been the subject of a number of recent research reports. Robert W. Baird upgraded Kohl's from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $46.00 to $47.00 in a research report on Friday, November 10th. Jefferies Group restated a “buy” rating on shares of Kohl's in a research report on Monday, December 18th. Bank of America boosted their target price on Kohl's from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Northcoast Research initiated coverage on Kohl's in a research report on Friday, December 8th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. upgraded Kohl's from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $72.00 in a research report on Friday, January 12th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.23.
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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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