Investors Buy Shares of Kohl’s (KSS) on Weakness Following Insider Selling

Investors bought shares of Kohl’s Co. (NYSE:KSS) on weakness during trading hours on Thursday following insider selling activity. $108.48 million flowed into the stock on the tick-up and $91.31 million flowed out of the stock on the tick-down, for a money net flow of $17.17 million into the stock. Of all stocks tracked, Kohl’s had the 23rd highest net in-flow for the day. Kohl’s traded down ($2.44) for the day and closed at $73.28Specifically, Director Steven A. Burd sold 4,945 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $76.67, for a total transaction of $379,133.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard D. Schepp sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $78.52, for a total value of $1,177,800.00. Following the sale, the insider now owns 161,050 shares in the company, valued at $12,645,646. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 345,311 shares of company stock worth $22,677,767. 1.20% of the stock is owned by company insiders.

KSS has been the topic of several recent research reports. Robert W. Baird set a $73.00 price objective on Kohl’s and gave the company a “buy” rating in a research report on Thursday, March 1st. Guggenheim restated a “buy” rating and issued a $75.00 price objective on shares of Kohl’s in a research report on Thursday, March 1st. ValuEngine downgraded Kohl’s from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Cowen restated a “buy” rating and issued a $76.00 price objective on shares of Kohl’s in a research report on Monday, April 9th. Finally, Zacks Investment Research upgraded Kohl’s from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday, May 21st. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Kohl’s presently has a consensus rating of “Hold” and an average target price of $64.73.

The company has a market cap of $13.07 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 2.18 and a beta of 1.27. The company has a quick ratio of 0.44, a current ratio of 1.76 and a debt-to-equity ratio of 0.72.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, May 22nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.14. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.96 billion. Kohl’s had a return on equity of 14.28% and a net margin of 4.46%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. research analysts expect that Kohl’s Co. will post 5.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $2.44 annualized dividend and a yield of 3.33%. Kohl’s’s payout ratio is currently 58.23%.

A number of large investors have recently made changes to their positions in KSS. Millennium Management LLC increased its stake in Kohl’s by 7,904.4% during the first quarter. Millennium Management LLC now owns 2,931,723 shares of the company’s stock worth $192,057,000 after acquiring an additional 2,969,288 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Kohl’s during the fourth quarter worth about $133,005,000. Robeco Institutional Asset Management B.V. increased its stake in Kohl’s by 186.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 2,251,147 shares of the company’s stock worth $147,471,000 after acquiring an additional 1,464,977 shares during the last quarter. Prudential Financial Inc. increased its stake in Kohl’s by 96.9% during the first quarter. Prudential Financial Inc. now owns 1,580,160 shares of the company’s stock worth $103,516,000 after acquiring an additional 777,483 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Kohl’s by 3.8% during the fourth quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock worth $1,015,677,000 after acquiring an additional 680,124 shares during the last quarter.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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