Westpac Banking Corp raised its position in Kohl’s Corp. (NYSE:KSS) by 19.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,258 shares of the company’s stock after buying an additional 2,007 shares during the period. Westpac Banking Corp’s holdings in Kohl’s Corp. were worth $536,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in KSS. Assetmark Inc. raised its stake in Kohl’s Corp. by 0.5% in the third quarter. Assetmark Inc. now owns 2,317 shares of the company’s stock worth $101,000 after buying an additional 11 shares during the last quarter. Pacer Advisors Inc. raised its stake in Kohl’s Corp. by 6.8% in the second quarter. Pacer Advisors Inc. now owns 3,435 shares of the company’s stock worth $130,000 after buying an additional 218 shares during the last quarter. Cedar Wealth Management LLC raised its stake in Kohl’s Corp. by 66.5% in the second quarter. Cedar Wealth Management LLC now owns 3,429 shares of the company’s stock worth $130,000 after buying an additional 1,370 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Kohl’s Corp. during the third quarter worth about $157,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Kohl’s Corp. during the second quarter worth about $184,000. 97.24% of the stock is 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 were exchanged. The stock’s 50 day moving average price is $50.04 and its 200 day moving average price is $45.50. Kohl’s Corp. has a one year low of $33.87 and a one year high of $59.67. The stock has a market cap of $7.10 billion, a PE ratio of 12.24 and a beta of 1.08.
Kohl’s Corp. (NYSE:KSS) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.10. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.33 billion. Kohl’s Corp. had a return on equity of 13.59% and a net margin of 3.17%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Equities research analysts predict that Kohl’s Corp. will post $3.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend was Monday, December 5th. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 61.16%.
KSS has been the subject of a number of research reports. Guggenheim initiated coverage on shares of Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 target price for the company. Bank of America Corp. reaffirmed a “buy” rating and set a $50.00 target price on shares of Kohl’s Corp. in a report on Thursday, September 29th. Citigroup Inc. raised shares of Kohl’s Corp. from a “neutral” rating to a “buy” rating in a report on Monday, November 14th. Jefferies Group boosted their price target on shares of Kohl’s Corp. from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, November 11th. Finally, Zacks Investment Research raised shares of Kohl’s Corp. from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, November 29th. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $48.33.
In related news, CFO Wesley S. Mcdonald sold 27,376 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 93,908 shares of the company’s stock, valued at approximately $4,921,718.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wesley S. Mcdonald sold 71,582 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 108,788 shares in the company, valued at $6,032,294.60. The disclosure for this sale can be found here. 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.
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).