Kohl’s Co. (KSS) Position Raised by Bridgewater Associates LP

Bridgewater Associates LP increased its position in shares of Kohl’s Co. (NYSE:KSS) by 30.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 160,201 shares of the company’s stock after buying an additional 37,135 shares during the quarter. Bridgewater Associates LP’s holdings in Kohl’s were worth $11,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Blair William & Co. IL grew its position in Kohl’s by 0.6% in the third quarter. Blair William & Co. IL now owns 100,238 shares of the company’s stock worth $7,473,000 after buying an additional 627 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Kohl’s by 39.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,551 shares of the company’s stock worth $190,000 after buying an additional 718 shares during the last quarter. Independent Advisor Alliance grew its position in Kohl’s by 8.5% in the third quarter. Independent Advisor Alliance now owns 9,534 shares of the company’s stock worth $674,000 after buying an additional 749 shares during the last quarter. OLD National Bancorp IN grew its position in Kohl’s by 1.3% in the third quarter. OLD National Bancorp IN now owns 57,193 shares of the company’s stock worth $4,263,000 after buying an additional 750 shares during the last quarter. Finally, Radnor Capital Management LLC grew its position in Kohl’s by 2.5% in the third quarter. Radnor Capital Management LLC now owns 30,725 shares of the company’s stock worth $2,291,000 after buying an additional 755 shares during the last quarter.

NYSE KSS opened at $67.17 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.37 and a current ratio of 1.58. Kohl’s Co. has a twelve month low of $46.05 and a twelve month high of $83.28. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.83 and a beta of 1.10.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 20th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the company posted $0.70 EPS. Kohl’s’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts expect that Kohl’s Co. will post 5.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Tuesday, December 11th. Kohl’s’s dividend payout ratio is currently 58.23%.

In other news, insider Richard D. Schepp sold 21,584 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $81.75, for a total transaction of $1,764,492.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Sona Chawla sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $74.69, for a total transaction of $746,900.00. Following the transaction, the president now owns 224,159 shares in the company, valued at $16,742,435.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,788 shares of company stock worth $6,104,331. 1.20% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on KSS. Credit Suisse Group lifted their price target on shares of Kohl’s from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. MKM Partners lifted their price target on shares of Kohl’s to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada set a $82.00 price target on shares of Kohl’s and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Guggenheim reiterated a “buy” rating and set a $85.00 price objective on shares of Kohl’s in a research report on Tuesday, August 21st. Finally, Telsey Advisory Group lifted their price objective on shares of Kohl’s from $86.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Two equities research 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. The company presently has an average rating of “Hold” and an average price target of $77.25.

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About Kohl’s

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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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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