The Samlyn Capital LLC Takes Position in Kohl’s Corp. (KSS)

The Samlyn Capital LLC Takes Position in Kohl’s Corp. (KSS)

Samlyn Capital LLC bought a new stake in Kohl’s Corp. (NYSE:KSS) during the third quarter, Holdings Channel reports. The fund bought 578,600 shares of the company’s stock, valued at approximately $25,313,000. Samlyn Capital LLC owned 0.32% of Kohl’s Corp. as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KSS. Two Sigma Advisers LP acquired a new stake in shares of Kohl’s Corp. during the third quarter valued at about $2,472,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Kohl’s Corp. during the third quarter valued at $11,519,000. Weiss Asset Management LP purchased a new position in shares of Kohl’s Corp. during the third quarter valued at $242,000. Dynamic Capital Management Ltd boosted its position in shares of Kohl’s Corp. by 172.2% in the third quarter. Dynamic Capital Management Ltd now owns 82,930 shares of the company’s stock valued at $3,628,000 after buying an additional 52,461 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kohl’s Corp. by 88.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,478 shares of the company’s stock valued at $2,077,000 after buying an additional 22,231 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.

Shares of Kohl’s Corp. (NYSE:KSS) opened at 41.21 on Thursday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 12.54 and a beta of 1.08. The company’s 50 day moving average price is $50.04 and its 200-day moving average price is $45.50. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $59.67.

Kohl’s Corp. (NYSE:KSS) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. Kohl’s Corp. had a return on equity of 13.59% and a net margin of 3.17%. The company earned $4.33 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Kohl’s Corp. will post $3.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 4.85%. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 61.16%.

KSS has been the topic of several recent research reports. Zacks Investment Research cut shares of Kohl’s Corp. from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Guggenheim began coverage on shares of Kohl’s Corp. in a report on Friday, September 30th. They issued a “buy” rating and a $50.00 price objective on the stock. Credit Suisse Group AG lowered shares of Kohl’s Corp. from a “neutral” rating to an “underperform” rating and set a $39.00 price target on the stock. in a research note on Wednesday. OTR Global lowered shares of Kohl’s Corp. from a “mixed” rating to a “sell” rating in a research note on Wednesday, November 2nd. Finally, Bank of America Corp. reiterated a “buy” rating and set a $50.00 price target on shares of Kohl’s Corp. in a research note on Thursday, September 29th. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.33.

In other news, CFO Wesley S. Mcdonald sold 71,582 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $55.45, for a total value of $3,969,221.90. Following the sale, the chief financial officer now owns 108,788 shares of the company’s stock, valued at approximately $6,032,294.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wesley S. Mcdonald sold 27,376 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $52.41, for a total value of $1,434,776.16. Following the completion of the sale, the chief financial officer now directly owns 93,908 shares in the company, valued at approximately $4,921,718.28. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Kohl’s Corp. Company Profile

Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.

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