QS Investors LLC raised its stake in shares of Kohl's Co. (NYSE:KSS) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,475 shares of the company’s stock after acquiring an additional 38,772 shares during the quarter. QS Investors LLC’s holdings in Kohl's were worth $6,588,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Kohl's in the 4th quarter worth about $133,005,000. Alyeska Investment Group L.P. bought a new position in shares of Kohl's in the 3rd quarter worth about $46,574,000. Alps Advisors Inc. bought a new position in shares of Kohl's in the 4th quarter worth about $52,200,000. BlackRock Inc. lifted its position in shares of Kohl's by 3.8% in the 4th quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock worth $1,015,677,000 after buying an additional 680,124 shares during the last quarter. Finally, 1060 Capital LLC bought a new position in shares of Kohl's in the 3rd quarter worth about $24,413,000.
A number of research analysts have recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating on shares of Kohl's in a research report on Monday, March 5th. Robert W. Baird restated an “outperform” rating on shares of Kohl's in a research report on Friday, March 2nd. Cowen upgraded shares of Kohl's from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $35.16 to $69.48 in a research report on Friday. Royal Bank of Canada set a $69.00 price target on shares of Kohl's and gave the stock a “hold” rating in a research report on Thursday, March 1st. Finally, Guggenheim restated a “buy” rating and issued a $60.00 price target on shares of Kohl's in a research report on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.66.
Kohl's (NYSE:KSS) last released its quarterly earnings data on Thursday, March 1st. The company reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.10. Kohl's had a net margin of 4.50% and a return on equity of 13.73%. The business had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter last year, the company earned $1.44 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. analysts expect that Kohl's Co. will post 5.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.61 per share. This is a boost from Kohl's’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $2.44 annualized dividend and a yield of 3.87%. Kohl's’s dividend payout ratio (DPR) is presently 42.80%.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the transaction, the director now owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Boneparth sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total transaction of $496,350.00. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
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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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