Cornerstone Capital Management Holdings LLC. increased its stake in shares of Kohl's Co. (NYSE:KSS) by 73.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 119,126 shares of the company’s stock after purchasing an additional 50,574 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.07% of Kohl's worth $6,459,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Kohl's during the 4th quarter valued at approximately $121,000. Focused Wealth Management Inc bought a new position in shares of Kohl's during the 4th quarter valued at approximately $201,000. Calton & Associates Inc. bought a new position in shares of Kohl's during the 4th quarter valued at approximately $202,000. CIBC World Markets Inc. bought a new position in shares of Kohl's during the 4th quarter valued at approximately $202,000. Finally, Keybank National Association OH bought a new position in shares of Kohl's during the 3rd quarter valued at approximately $207,000.
Shares of Kohl's Co. (NYSE KSS) opened at $63.55 on Tuesday. Kohl's Co. has a 1-year low of $35.16 and a 1-year high of $69.48. The firm has a market capitalization of $10,606.14, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 0.67.
Kohl's (NYSE:KSS) last issued its earnings results on Thursday, March 1st. The company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.10. Kohl's had a return on equity of 13.73% and a net margin of 4.50%. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the prior year, the business earned $1.44 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. sell-side analysts predict that Kohl's Co. will post 5.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.84%. 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. Kohl's’s dividend payout ratio is currently 47.47%.
Several equities analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating on shares of Kohl's in a research report on Monday, March 5th. Cowen raised Kohl's from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $35.16 to $69.48 in a research report on Friday, March 9th. Robert W. Baird raised Kohl's from a “neutral” rating to a “buy” rating in a research report on Friday, March 9th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Kohl's in a research report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded Kohl's from a “buy” rating to a “hold” rating 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 given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $59.66.
In other Kohl's news, Director Peter Boneparth sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $66.18, for a total value of $496,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the sale, the director now owns 21,960 shares of the company’s stock, valued at $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
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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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