Kohl’s Co. (KSS) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in shares of Kohl’s Co. (NYSE:KSS) by 12.0% in the third quarter, HoldingsChannel.com reports. The fund owned 62,025 shares of the company’s stock after selling 8,495 shares during the period. King Luther Capital Management Corp’s holdings in Kohl’s were worth $4,624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Tocqueville Asset Management L.P. raised its position in shares of Kohl’s by 22.7% in the third quarter. Tocqueville Asset Management L.P. now owns 8,719 shares of the company’s stock valued at $650,000 after buying an additional 1,615 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Kohl’s by 18.0% in the third quarter. First Republic Investment Management Inc. now owns 8,816 shares of the company’s stock valued at $657,000 after buying an additional 1,342 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Kohl’s in the third quarter valued at about $464,000. Assetmark Inc. raised its position in shares of Kohl’s by 10.9% in the third quarter. Assetmark Inc. now owns 10,050 shares of the company’s stock valued at $749,000 after buying an additional 989 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Kohl’s by 1.9% in the third quarter. Renaissance Technologies LLC now owns 1,347,242 shares of the company’s stock valued at $100,437,000 after buying an additional 25,342 shares during the last quarter.

In related news, President Sona Chawla sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $74.69, for a total transaction of $746,900.00. Following the completion of the sale, the president now directly owns 224,159 shares in the company, valued at $16,742,435.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on KSS. ValuEngine cut shares of Kohl’s from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. MKM Partners increased their target price on shares of Kohl’s to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. Cowen reiterated a “buy” rating and issued a $82.00 target price on shares of Kohl’s in a research report on Wednesday, November 21st. Finally, Royal Bank of Canada set a $82.00 target price on shares of Kohl’s and gave the company a “hold” rating in a research report on Wednesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.25.

Kohl’s stock opened at $62.48 on Friday. Kohl’s Co. has a 12-month low of $48.53 and a 12-month high of $83.28. The stock has a market cap of $10.94 billion, a P/E ratio of 14.91, a PEG ratio of 1.78 and a beta of 1.10. The company has a quick ratio of 0.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.70.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the business earned $0.70 earnings per share. Kohl’s’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Kohl’s Co. will post 5.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.91%. The ex-dividend date is Tuesday, December 11th. Kohl’s’s payout ratio is currently 58.23%.

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

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