Contravisory Investment Management Inc. purchased a new position in Kohl's Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,996 shares of the company’s stock, valued at approximately $325,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sentry Investment Management LLC grew its position in Kohl's by 1.2% in the second quarter. Sentry Investment Management LLC now owns 12,892 shares of the company’s stock worth $499,000 after acquiring an additional 158 shares in the last quarter. Ropes Wealth Advisors LLC grew its position in Kohl's by 1.5% in the second quarter. Ropes Wealth Advisors LLC now owns 11,717 shares of the company’s stock worth $453,000 after acquiring an additional 175 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Kohl's by 3.7% in the second quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after acquiring an additional 245 shares in the last quarter. WFG Advisors LP lifted its stake in Kohl's by 3.3% in the second quarter. WFG Advisors LP now owns 9,154 shares of the company’s stock worth $354,000 after purchasing an additional 296 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Kohl's by 3.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 15,667 shares of the company’s stock worth $606,000 after purchasing an additional 474 shares during the last quarter.
Several brokerages have issued reports on KSS. Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday. Robert W. Baird set a $70.00 price objective on shares of Kohl's and gave the stock a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. BMO Capital Markets set a $60.00 price objective on shares of Kohl's and gave the stock a “hold” rating in a research note on Friday, January 12th. Royal Bank of Canada raised shares of Kohl's from an “underperform” rating to a “sector perform” rating and set a $60.00 price objective for the company in a research note on Friday, January 12th. Finally, JPMorgan Chase & Co. raised shares of Kohl's from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $51.00 to $72.00 in a research note on Friday, January 12th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Kohl's presently has a consensus rating of “Hold” and a consensus price target of $51.71.
Shares of Kohl's Co. (NYSE:KSS) opened at $64.85 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. Kohl's Co. has a 12 month low of $35.16 and a 12 month high of $65.23. The firm has a market cap of $10,900.00, a P/E ratio of 17.20, a PEG ratio of 2.33 and a beta of 1.24.
Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm posted $0.80 EPS. The business’s revenue was up .1% on a year-over-year basis. sell-side analysts expect that Kohl's Co. will post 4.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, December 5th. Kohl's’s dividend payout ratio is presently 58.36%.
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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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