Alliancebernstein L.P. decreased its holdings in shares of Kohl’s Co. (NYSE:KSS) by 18.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 408,181 shares of the company’s stock after selling 93,797 shares during the period. Alliancebernstein L.P. owned approximately 0.24% of Kohl’s worth $30,430,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of KSS. Janney Montgomery Scott LLC raised its position in shares of Kohl’s by 168.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 16,653 shares of the company’s stock valued at $1,214,000 after acquiring an additional 10,452 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Kohl’s by 76.5% during the 2nd quarter. Advisory Services Network LLC now owns 9,966 shares of the company’s stock valued at $734,000 after acquiring an additional 4,321 shares during the last quarter. BP PLC bought a new stake in shares of Kohl’s during the 2nd quarter valued at $1,400,000. Aperio Group LLC raised its position in shares of Kohl’s by 1.2% during the 2nd quarter. Aperio Group LLC now owns 131,541 shares of the company’s stock valued at $9,589,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Kohl’s during the 2nd quarter valued at $823,000.
In other news, President Sona Chawla sold 27,223 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $80.92, for a total transaction of $2,202,885.16. Following the completion of the transaction, the president now directly owns 253,021 shares in the company, valued at approximately $20,474,459.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephanie A. Streeter sold 4,776 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $81.50, for a total transaction of $389,244.00. Following the transaction, the director now owns 24,860 shares of the company’s stock, valued at $2,026,090. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,788 shares of company stock valued at $6,104,331. Company insiders own 1.20% of the company’s stock.
Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 20th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.36 billion. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. Sell-side analysts expect that Kohl’s Co. will post 5.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Tuesday, December 11th. Kohl’s’s payout ratio is presently 58.23%.
Several brokerages have commented on KSS. Zacks Investment Research cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Cowen reissued a “buy” rating and issued a $82.00 price target on shares of Kohl’s in a report on Wednesday, November 21st. Citigroup decreased their price target on shares of Kohl’s from $79.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Credit Suisse Group decreased their price target on shares of Kohl’s from $78.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Finally, Bank of America set a $80.00 price target on shares of Kohl’s and gave the company a “buy” rating in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. Kohl’s currently has an average rating of “Hold” and a consensus target price of $77.25.
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Kohl’s Company Profile
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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