Laffer Investments Trims Position in Kohl's Co. (KSS)
Laffer Investments lessened its stake in Kohl's Co. (NYSE:KSS) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,752 shares of the company’s stock after selling 1,970 shares during the period. Laffer Investments’ holdings in Kohl's were worth $1,221,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. raised its position in Kohl's by 0.3% in the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock worth $128,000 after purchasing an additional 10 shares in the last quarter. Sentry Investment Management LLC raised its position in Kohl's by 1.2% in the second quarter. Sentry Investment Management LLC now owns 12,892 shares of the company’s stock worth $499,000 after purchasing an additional 158 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in Kohl's by 1.5% in the second quarter. Ropes Wealth Advisors LLC now owns 11,717 shares of the company’s stock worth $453,000 after purchasing an additional 175 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Kohl's by 3.7% in the second quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after purchasing an additional 245 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Kohl's by 4.0% in the second quarter. IFP Advisors Inc now owns 6,928 shares of the company’s stock worth $268,000 after purchasing an additional 267 shares in the last quarter.
KSS has been the subject of several recent research reports. BidaskClub lowered shares of Kohl's from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. Royal Bank of Canada set a $39.00 price target on shares of Kohl's and gave the stock a “sell” rating in a research report on Tuesday, August 29th. ValuEngine lowered shares of Kohl's from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price objective on shares of Kohl's in a report on Thursday, September 7th. Finally, Cowen reaffirmed a “market perform” rating and set a $47.00 price objective (up previously from $42.00) on shares of Kohl's in a report on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.74.
Kohl's Co. (KSS) opened at $51.35 on Friday. The stock has a market cap of $8,363.28, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. Kohl's Co. has a 52 week low of $35.16 and a 52 week high of $55.19. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88.
Kohl's (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. Kohl's’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. equities research analysts predict that Kohl's Co. will post 3.75 EPS for the current year.
The business 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 dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl's’s dividend payout ratio is 58.36%.
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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