Kohl’s Co. (NYSE:KSS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of Kohl’s Co. (NYSE:KSS) by 79.1% during the 3rd quarter, Holdings Channel reports. The firm owned 32,350 shares of the company’s stock after selling 122,700 shares during the period. Mackenzie Financial Corp’s holdings in Kohl’s were worth $1,523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Kohl’s by 1.9% during the second quarter. Vanguard Group Inc. now owns 14,465,338 shares of the company’s stock worth $797,186,000 after purchasing an additional 276,402 shares in the last quarter. FMR LLC lifted its position in shares of Kohl’s by 6.3% during the second quarter. FMR LLC now owns 5,041,937 shares of the company’s stock worth $277,861,000 after purchasing an additional 298,854 shares in the last quarter. State Street Corp lifted its position in shares of Kohl’s by 5.5% during the second quarter. State Street Corp now owns 4,785,550 shares of the company’s stock worth $263,732,000 after purchasing an additional 249,484 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Kohl’s by 5.6% during the second quarter. Parametric Portfolio Associates LLC now owns 3,295,532 shares of the company’s stock worth $181,617,000 after purchasing an additional 174,445 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Kohl’s by 4.0% during the third quarter. LSV Asset Management now owns 2,564,024 shares of the company’s stock worth $120,739,000 after buying an additional 98,449 shares during the period. 90.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KSS opened at $47.77 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.49 and a quick ratio of 0.57. The stock has a fifty day moving average price of $52.06 and a 200 day moving average price of $52.14. Kohl’s Co. has a 1-year low of $42.68 and a 1-year high of $64.80. The company has a market cap of $6.65 billion, a PE ratio of 7.44, a P/E/G ratio of 0.82 and a beta of 2.08.

Kohl’s (NYSE:KSS) last released its earnings results on Thursday, November 18th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $1.01. Kohl’s had a return on equity of 22.21% and a net margin of 5.15%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company earned $0.01 earnings per share. Kohl’s’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that Kohl’s Co. will post 7.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 22nd. Shareholders of record on Wednesday, December 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Tuesday, December 7th. Kohl’s’s dividend payout ratio (DPR) is currently 15.58%.

KSS has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Kohl’s from $73.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 4th. Robert W. Baird upped their target price on shares of Kohl’s from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, November 19th. They noted that the move was a valuation call. Bank of America upped their target price on shares of Kohl’s from $48.00 to $55.00 and gave the stock an “underperform” rating in a research note on Friday, November 19th. Jefferies Financial Group upped their target price on shares of Kohl’s from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 19th. Finally, Telsey Advisory Group increased their price target on shares of Kohl’s from $63.00 to $69.00 and gave the company a “market perform” rating in a research note on Friday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.54.

Kohl’s Company Profile

Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.

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Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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