Amalgamated Bank Lowers Stock Position in Kohl’s Co. (NYSE:KSS)

Amalgamated Bank lowered its position in shares of Kohl’s Co. (NYSE:KSSGet Rating) by 10.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 97,088 shares of the company’s stock after selling 10,754 shares during the period. Amalgamated Bank’s holdings in Kohl’s were worth $5,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in Kohl’s during the first quarter valued at $49,000. Advisor Group Holdings Inc. raised its position in shares of Kohl’s by 5.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 18,425 shares of the company’s stock worth $936,000 after purchasing an additional 993 shares during the last quarter. Swiss National Bank raised its position in shares of Kohl’s by 3.5% in the 1st quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $21,524,000 after purchasing an additional 12,200 shares during the last quarter. Insight Folios Inc raised its position in shares of Kohl’s by 3.5% in the 1st quarter. Insight Folios Inc now owns 98,695 shares of the company’s stock worth $5,967,000 after purchasing an additional 3,326 shares during the last quarter. Finally, Oarsman Capital Inc. purchased a new position in shares of Kohl’s in the 1st quarter worth about $559,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KSS shares. Citigroup lowered Kohl’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $39.00 in a research report on Monday, May 23rd. StockNews.com downgraded Kohl’s from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Jefferies Financial Group downgraded Kohl’s from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $29.00 in a report on Thursday. Credit Suisse Group reduced their price objective on Kohl’s to $28.00 in a report on Tuesday, July 5th. Finally, Gordon Haskett downgraded Kohl’s from an “accumulate” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and an average price target of $31.87.

Insider Activity at Kohl’s

In related news, Director Peter Boneparth purchased 25,000 shares of Kohl’s stock in a transaction that occurred on Friday, August 19th. The stock was bought at an average cost of $30.01 per share, for a total transaction of $750,250.00. Following the completion of the transaction, the director now owns 70,700 shares in the company, valued at $2,121,707. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kohl’s news, Director Jonas Prising acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average cost of $29.67 per share, for a total transaction of $296,700.00. Following the completion of the transaction, the director now directly owns 60,647 shares of the company’s stock, valued at $1,799,396.49. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter Boneparth acquired 25,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was acquired at an average price of $30.01 per share, with a total value of $750,250.00. Following the completion of the transaction, the director now directly owns 70,700 shares of the company’s stock, valued at $2,121,707. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

Kohl’s Trading Up 0.2 %

Kohl’s stock opened at $28.74 on Monday. The company has a quick ratio of 0.18, a current ratio of 1.37 and a debt-to-equity ratio of 1.01. Kohl’s Co. has a 52 week low of $26.07 and a 52 week high of $64.38. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 1.20 and a beta of 1.60. The stock has a 50-day moving average price of $29.74 and a 200 day moving average price of $42.80.

Kohl’s (NYSE:KSSGet Rating) last announced its quarterly earnings results on Thursday, August 18th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Kohl’s had a return on equity of 15.04% and a net margin of 3.70%. Kohl’s’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. Sell-side analysts anticipate that Kohl’s Co. will post 3 EPS for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Tuesday, September 6th. Kohl’s’s dividend payout ratio is currently 39.45%.

Kohl’s Profile

(Get Rating)

Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

Further Reading

Want to see what other hedge funds are holding KSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kohl’s Co. (NYSE:KSSGet Rating).

Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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