The Kohl’s Corp. (KSS) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

The Kohl’s Corp. (KSS) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in Kohl’s Corp. (NYSE:KSS) by 39.6% during the third quarter, Holdings Channel reports. The firm owned 28,372 shares of the company’s stock after selling 18,582 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Kohl’s Corp. were worth $1,241,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cooke & Bieler LP raised its stake in shares of Kohl’s Corp. by 10.5% in the second quarter. Cooke & Bieler LP now owns 1,173,086 shares of the company’s stock valued at $44,484,000 after buying an additional 111,920 shares during the period. PGGM Investments raised its stake in shares of Kohl’s Corp. by 29.8% in the second quarter. PGGM Investments now owns 906,775 shares of the company’s stock valued at $34,385,000 after buying an additional 207,964 shares during the period. Berkshire Asset Management LLC PA raised its stake in shares of Kohl’s Corp. by 5.5% in the third quarter. Berkshire Asset Management LLC PA now owns 68,925 shares of the company’s stock valued at $3,015,000 after buying an additional 3,618 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Kohl’s Corp. during the third quarter valued at approximately $2,975,000. Finally, Franklin Street Advisors Inc. NC purchased a new stake in shares of Kohl’s Corp. during the third quarter valued at approximately $5,559,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kohl’s Corp. (NYSE:KSS) traded down 2.38% during trading on Thursday, hitting $40.23. 4,708,301 shares of the stock traded hands. The firm has a 50 day moving average price of $50.04 and a 200-day moving average price of $45.50. The company has a market cap of $7.10 billion, a PE ratio of 12.24 and a beta of 1.08. Kohl’s Corp. has a one year low of $33.87 and a one year high of $59.67.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th were issued 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 dividend yield of 4.97%. Kohl’s Corp.’s dividend payout ratio is currently 61.16%.

A number of research firms recently issued reports on KSS. Zacks Investment Research lowered Kohl’s Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. Bank of America Corp. reaffirmed a “buy” rating and issued a $50.00 target price on shares of Kohl’s Corp. in a research note on Thursday, September 29th. Jefferies Group set a $54.00 target price on Kohl’s Corp. and gave the company a “buy” rating in a research note on Wednesday, January 4th. Credit Suisse Group AG began coverage on Kohl’s Corp. in a research note on Monday, December 5th. They issued a “neutral” rating and a $45.00 target price on the stock. Finally, OTR Global lowered Kohl’s Corp. from a “mixed” rating to a “sell” rating in a research note on Wednesday, November 2nd. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.33.

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

About Kohl’s Corp.

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.

Want to see what other hedge funds are holding KSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kohl’s Corp. (NYSE:KSS).

Related posts

Leave a Comment