Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kohl’s Co. (NYSE:KSS) by 13.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 155,745 shares of the company’s stock after acquiring an additional 18,705 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Kohl’s worth $10,711,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of KSS. Martingale Asset Management L P acquired a new stake in Kohl’s during the 3rd quarter worth about $362,000. FMR LLC grew its position in shares of Kohl’s by 18.6% during the 3rd quarter. FMR LLC now owns 72,941 shares of the company’s stock valued at $5,438,000 after acquiring an additional 11,437 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of Kohl’s during the 3rd quarter valued at about $943,000. Teachers Advisors LLC grew its position in shares of Kohl’s by 92.5% during the 3rd quarter. Teachers Advisors LLC now owns 1,512,697 shares of the company’s stock valued at $112,772,000 after acquiring an additional 726,900 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in shares of Kohl’s by 153.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,551,899 shares of the company’s stock valued at $190,244,000 after acquiring an additional 1,545,495 shares during the period.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Kohl’s from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Wedbush decreased their price target on shares of Kohl’s from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group decreased their price target on shares of Kohl’s from $72.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup decreased their price target on shares of Kohl’s from $71.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price target (down from $80.00) on shares of Kohl’s in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Kohl’s currently has an average rating of “Hold” and a consensus price target of $71.97.
KSS traded down $0.03 during trading on Friday, reaching $51.12. The company’s stock had a trading volume of 5,144,734 shares, compared to its average volume of 4,805,788. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.50. Kohl’s Co. has a 1 year low of $53.01 and a 1 year high of $83.28. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77.
Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. On average, equities analysts anticipate that Kohl’s Co. will post 5.3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Tuesday, June 11th. Kohl’s’s payout ratio is presently 47.86%.
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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