Lord Abbett & CO. LLC lifted its position in shares of Kohl’s Co. (NYSE:KSS) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 568,700 shares of the company’s stock after purchasing an additional 43,900 shares during the period. Lord Abbett & CO. LLC owned 0.34% of Kohl’s worth $37,728,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of Kohl’s by 87.0% in the 4th quarter. SG Americas Securities LLC now owns 469,361 shares of the company’s stock valued at $31,137,000 after purchasing an additional 218,330 shares in the last quarter. Hallmark Capital Management Inc. acquired a new stake in shares of Kohl’s during the 4th quarter valued at $1,104,000. Eqis Capital Management Inc. boosted its holdings in shares of Kohl’s by 177.5% during the 4th quarter. Eqis Capital Management Inc. now owns 16,839 shares of the company’s stock valued at $1,117,000 after acquiring an additional 10,770 shares in the last quarter. Truehand Inc acquired a new stake in shares of Kohl’s during the 4th quarter valued at $26,000. Finally, Strs Ohio boosted its holdings in shares of Kohl’s by 348.7% during the 4th quarter. Strs Ohio now owns 30,866 shares of the company’s stock valued at $2,047,000 after acquiring an additional 23,987 shares in the last quarter.
Shares of KSS opened at $68.47 on Friday. Kohl’s Co. has a 12 month low of $57.89 and a 12 month high of $83.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.50 and a current ratio of 1.77. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.62 and a beta of 0.77.
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 given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, March 19th. This is a positive change from Kohl’s’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 3.91%. Kohl’s’s dividend payout ratio (DPR) is 43.57%.
Several equities research analysts recently weighed in on KSS shares. Telsey Advisory Group reissued an “outperform” rating and set a $80.00 price objective (down previously from $90.00) on shares of Kohl’s in a report on Friday, January 11th. Piper Jaffray Companies set a $68.00 target price on Kohl’s and gave the stock a “hold” rating in a report on Wednesday, November 21st. Cowen reaffirmed a “buy” rating and set a $82.00 target price on shares of Kohl’s in a report on Wednesday, November 21st. Royal Bank of Canada cut their target price on Kohl’s to $73.00 and set a “market perform” rating on the stock in a report on Wednesday, November 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $80.00 target price on shares of Kohl’s in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.58.
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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