BLB&B Advisors LLC Reduces Stake in Kohl’s Co. (KSS)

BLB&B Advisors LLC lowered its stake in Kohl’s Co. (NYSE:KSS) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,530 shares of the company’s stock after selling 937 shares during the quarter. BLB&B Advisors LLC’s holdings in Kohl’s were worth $934,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Kohl’s by 3.9% in the second quarter. Wells Fargo & Company MN now owns 3,407,576 shares of the company’s stock worth $248,411,000 after acquiring an additional 129,277 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Kohl’s by 7,904.4% in the first quarter. Millennium Management LLC now owns 2,931,723 shares of the company’s stock worth $192,057,000 after acquiring an additional 2,969,288 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Kohl’s by 18.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,665,578 shares of the company’s stock worth $194,323,000 after acquiring an additional 414,431 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Kohl’s by 230.0% in the second quarter. Janus Henderson Group PLC now owns 1,786,420 shares of the company’s stock worth $130,231,000 after acquiring an additional 1,245,073 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Kohl’s by 125.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,600,722 shares of the company’s stock worth $116,690,000 after acquiring an additional 891,977 shares during the last quarter.

A number of research analysts have recently commented on KSS shares. Zacks Investment Research cut shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. ValuEngine downgraded Kohl’s from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Wedbush assumed coverage on Kohl’s in a research note on Friday, August 10th. They issued a “neutral” rating and a $75.00 price objective for the company. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Kohl’s in a research note on Tuesday, August 21st. Finally, Bank of America reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Kohl’s in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $78.20.

Kohl’s stock opened at $72.65 on Friday. Kohl’s Co. has a 1 year low of $37.97 and a 1 year high of $82.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 0.53. The company has a market capitalization of $12.43 billion, a PE ratio of 17.34, a PEG ratio of 2.05 and a beta of 1.30.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, August 21st. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.27 billion. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, sell-side analysts predict that Kohl’s Co. will post 5.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, September 11th. Kohl’s’s dividend payout ratio is presently 58.23%.

In other Kohl’s news, insider Richard D. Schepp sold 21,584 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Sona Chawla sold 10,000 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 224,159 shares of the company’s stock, valued at approximately $16,742,435.71. The disclosure for this sale can be found here. Insiders have sold a total of 75,788 shares of company stock valued at $6,104,331 in the last three months. Insiders own 1.20% of the company’s stock.

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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