United Services Automobile Association lowered its position in Kohl’s Co. (NYSE:KSS) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,647 shares of the company’s stock after selling 24,873 shares during the quarter. United Services Automobile Association owned 0.10% of Kohl’s worth $11,453,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in KSS. Private Advisor Group LLC bought a new position in Kohl’s during the third quarter valued at approximately $341,000. Dupont Capital Management Corp lifted its position in Kohl’s by 31.1% during the third quarter. Dupont Capital Management Corp now owns 22,737 shares of the company’s stock valued at $1,695,000 after purchasing an additional 5,393 shares during the last quarter. ING Groep NV bought a new position in Kohl’s during the third quarter valued at $316,000. Systematic Financial Management LP lifted its position in Kohl’s by 21.1% during the third quarter. Systematic Financial Management LP now owns 35,595 shares of the company’s stock valued at $2,654,000 after purchasing an additional 6,201 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Kohl’s by 4.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 689,567 shares of the company’s stock valued at $51,407,000 after purchasing an additional 28,385 shares during the last quarter.
Several research firms have commented on KSS. Bank of America reiterated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research report on Wednesday. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday. Atlantic Securities upgraded shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 target price for the company in a report on Wednesday, March 6th. Guggenheim restated a “buy” rating and issued a $80.00 target price on shares of Kohl’s in a report on Tuesday, March 5th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $80.00 target price (down previously from $90.00) on shares of Kohl’s in a report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $75.58.
Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $2.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.06. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. Kohl’s had a net margin of 3.95% and a return on equity of 16.97%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.87 EPS. Sell-side analysts forecast that Kohl’s Co. will post 6.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.95%. The ex-dividend date is Tuesday, March 19th. This is an increase from Kohl’s’s previous quarterly dividend of $0.61. Kohl’s’s dividend payout ratio (DPR) is currently 43.57%.
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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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