New York State Teachers Retirement System decreased its holdings in Kohl’s Co. (NYSE:KSS – Get Rating) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,804 shares of the company’s stock after selling 14,505 shares during the quarter. New York State Teachers Retirement System’s holdings in Kohl’s were worth $4,648,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of KSS. Price T Rowe Associates Inc. MD raised its position in Kohl’s by 11.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,005,791 shares of the company’s stock worth $250,037,000 after buying an additional 734,427 shares during the last quarter. Starboard Value LP purchased a new position in Kohl’s during the 1st quarter worth $201,401,000. AQR Capital Management LLC raised its position in Kohl’s by 226.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,533,324 shares of the company’s stock worth $53,222,000 after buying an additional 1,064,040 shares during the last quarter. Deutsche Bank AG raised its position in Kohl’s by 56.4% during the 2nd quarter. Deutsche Bank AG now owns 764,811 shares of the company’s stock worth $27,296,000 after buying an additional 275,851 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in Kohl’s during the 2nd quarter worth $26,991,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on KSS shares. Robert W. Baird cut their price objective on shares of Kohl’s from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Guggenheim cut their price objective on shares of Kohl’s to $42.00 in a research report on Monday, November 21st. StockNews.com assumed coverage on shares of Kohl’s in a report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. cut their price target on shares of Kohl’s from $33.00 to $26.00 in a report on Tuesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Kohl’s from $36.00 to $34.00 in a report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.00.
Kohl’s Price Performance
Kohl’s (NYSE:KSS – Get Rating) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Kohl’s had a net margin of 2.98% and a return on equity of 12.46%. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the company earned $1.65 EPS. The firm’s revenue was down 7.0% on a year-over-year basis. As a group, research analysts forecast that Kohl’s Co. will post 3.08 earnings per share for the current fiscal year.
Kohl’s Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.94%. Kohl’s’s dividend payout ratio is currently 47.17%.
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.
- Get a free copy of the StockNews.com research report on Kohl’s (KSS)
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