Janney Montgomery Scott LLC decreased its holdings in Kohl's Co. (NYSE:KSS) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,691 shares of the company’s stock after selling 2,143 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kohl's were worth $351,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Ffcm LLC grew its position in Kohl's by 179.3% during the 2nd quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after purchasing an additional 1,947 shares in the last quarter. Johnson Financial Group Inc. grew its position in Kohl's by 0.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock worth $128,000 after purchasing an additional 10 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Kohl's during the 2nd quarter worth approximately $146,000. Raymond James Trust N.A. purchased a new position in Kohl's during the 3rd quarter worth approximately $200,000. Finally, Keybank National Association OH purchased a new position in Kohl's during the 3rd quarter worth approximately $207,000.
KSS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, October 16th. Telsey Advisory Group raised shares of Kohl's from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $50.00 in a research note on Monday, October 9th. Robert W. Baird raised shares of Kohl's from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $46.00 to $47.00 in a research note on Friday, November 10th. Royal Bank of Canada reissued a “sell” rating on shares of Kohl's in a research note on Sunday, November 12th. Finally, ValuEngine raised shares of Kohl's from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.26.
Kohl's (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. research analysts forecast that Kohl's Co. will post 3.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Tuesday, December 5th. Kohl's’s payout ratio is presently 58.36%.
In other Kohl's news, Director Jonas Prising acquired 4,725 shares of Kohl's stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $42.35 per share, with a total value of $200,103.75. Following the purchase, the director now owns 8,661 shares in the company, valued at $366,793.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now directly owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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