Worldquant Millennium Advisors LLC cut its holdings in Kohl’s Co. (NYSE:KSS) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 390,741 shares of the company’s stock after selling 120,217 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Kohl’s were worth $18,580,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in Kohl’s during the second quarter worth about $26,000. TRUE Private Wealth Advisors bought a new position in Kohl’s during the second quarter worth about $33,000. Point72 Asset Management L.P. bought a new position in Kohl’s during the second quarter worth about $38,000. Institutional & Family Asset Management LLC bought a new position in Kohl’s during the second quarter worth about $48,000. Finally, Thor Advisors LLC bought a new position in Kohl’s during the first quarter worth about $50,000. Institutional investors own 99.35% of the company’s stock.
A number of equities analysts have issued reports on KSS shares. Morgan Stanley raised their target price on Kohl’s from $50.00 to $51.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. OTR Global cut Kohl’s to a “positive” rating in a report on Friday, August 2nd. Cowen set a $58.00 target price on Kohl’s and gave the stock a “buy” rating in a report on Monday, August 26th. ValuEngine upgraded Kohl’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Guggenheim reiterated a “buy” rating and set a $60.00 price objective (down previously from $70.00) on shares of Kohl’s in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $60.06.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.04. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. Kohl’s’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 EPS. On average, analysts predict that Kohl’s Co. will post 5.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Tuesday, September 10th. Kohl’s’s payout ratio is 47.86%.
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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