California State Teachers Retirement System grew its stake in Kohl’s Co. (NYSE:KSS) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 304,234 shares of the company’s stock after purchasing an additional 2,647 shares during the quarter. California State Teachers Retirement System’s holdings in Kohl’s were worth $15,108,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new position in Kohl’s during the third quarter valued at approximately $25,000. Point72 Hong Kong Ltd bought a new position in Kohl’s in the second quarter valued at approximately $26,000. TRUE Private Wealth Advisors bought a new position in Kohl’s in the second quarter valued at approximately $33,000. Point72 Asset Management L.P. acquired a new position in shares of Kohl’s during the 2nd quarter worth approximately $38,000. Finally, Institutional & Family Asset Management LLC acquired a new position in shares of Kohl’s during the 2nd quarter worth approximately $48,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.
KSS has been the subject of several recent analyst reports. Gordon Haskett downgraded Kohl’s from an “accumulate” rating to a “hold” rating in a report on Tuesday, November 19th. Evercore ISI assumed coverage on shares of Kohl’s in a report on Wednesday, November 20th. They set a “hold” rating and a $52.00 target price on the stock. Goldman Sachs Group dropped their price target on shares of Kohl’s from $56.00 to $48.00 in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on shares of Kohl’s from $50.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, TheStreet upgraded shares of Kohl’s from a “c+” rating to a “b-” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.44.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 19th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). Kohl’s had a return on equity of 15.19% and a net margin of 3.50%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts forecast that Kohl’s Co. will post 4.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Kohl’s’s dividend payout ratio is presently 47.86%.
Kohl’s Company Profile
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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