Pitcairn Co. cut its stake in Kohl's Co. (NYSE:KSS) by 23.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,649 shares of the company’s stock after selling 2,989 shares during the quarter. Pitcairn Co.’s holdings in Kohl's were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in Kohl's during the fourth quarter worth $121,000. Calton & Associates Inc. acquired a new position in Kohl's during the fourth quarter worth $202,000. Squar Milner Financial Services LLC acquired a new position in Kohl's during the fourth quarter worth $230,000. CIBC World Markets Inc. acquired a new position in Kohl's during the fourth quarter worth $202,000. Finally, VNBTrust National Association acquired a new position in Kohl's during the fourth quarter worth $212,000.
In related news, Director Stephanie A. Streeter sold 4,173 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the completion of the sale, the director now owns 21,960 shares in the company, valued at $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 stock in a transaction dated Tuesday, March 6th. The stock was 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.
Kohl's Co. (NYSE KSS) traded down $1.86 during midday trading on Wednesday, hitting $62.25. 2,648,505 shares of the company traded hands, compared to its average volume of 4,218,608. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. Kohl's Co. has a twelve month low of $35.16 and a twelve month high of $69.48. The company has a market capitalization of $10,550.00, a PE ratio of 14.41, a PEG ratio of 1.80 and a beta of 1.27.
Kohl's (NYSE:KSS) last released its earnings results on Thursday, March 1st. The company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter last year, the company earned $1.44 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. sell-side analysts predict that Kohl's Co. will post 5.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.92%. 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. Kohl's’s dividend payout ratio (DPR) is presently 50.93%.
Several equities analysts have commented on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Kohl's in a research report on Monday, March 5th. Cowen raised shares of Kohl's from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $35.16 to $69.48 in a research report on Friday, March 9th. Royal Bank of Canada set a $69.00 target price on shares of Kohl's and gave the stock a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird reissued an “outperform” rating on shares of Kohl's in a research report on Friday, March 2nd. Finally, Guggenheim reissued a “buy” rating and set a $60.00 target price on shares of Kohl's in a research report on Wednesday, January 10th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $59.66.
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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