BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Kohl’s Co. (NYSE:KSS) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,633 shares of the company’s stock after selling 27,561 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Kohl’s were worth $3,757,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Truehand Inc bought a new position in Kohl’s in the 4th quarter worth about $26,000. Loeb Partners Corp bought a new position in Kohl’s in the 4th quarter worth about $28,000. We Are One Seven LLC bought a new position in Kohl’s in the 4th quarter worth about $47,000. Capital Investment Advisory Services LLC bought a new position in Kohl’s in the 4th quarter worth about $51,000. Finally, Daiwa SB Investments Ltd. grew its stake in Kohl’s by 26.3% in the 4th quarter. Daiwa SB Investments Ltd. now owns 1,010 shares of the company’s stock worth $67,000 after acquiring an additional 210 shares in the last quarter.
NYSE KSS opened at $68.47 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.50 and a current ratio of 1.77. Kohl’s Co. has a 52-week low of $57.89 and a 52-week high of $83.28. The company has a market cap of $11.33 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.77.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, March 5th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.06. Kohl’s had a net margin of 3.95% and a return on equity of 16.97%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period last year, the firm earned $1.87 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts predict that Kohl’s Co. will post 6.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This is an increase from Kohl’s’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.91%. Kohl’s’s dividend payout ratio (DPR) is currently 43.57%.
A number of equities analysts have commented on KSS shares. Cowen restated a “buy” rating and issued a $82.00 target price on shares of Kohl’s in a research note on Wednesday, November 21st. Bank of America set a $80.00 target price on shares of Kohl’s and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Guggenheim restated a “buy” rating and issued a $80.00 target price on shares of Kohl’s in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Tuesday. Finally, ValuEngine upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $75.58.
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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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