Robeco Institutional Asset Management B.V. lifted its position in shares of Kohl’s Co. (NYSE:KSS) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,848,859 shares of the company’s stock after purchasing an additional 167,487 shares during the period. Kohl’s accounts for approximately 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 18th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 1.75% of Kohl’s worth $195,916,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Convergence Investment Partners LLC raised its position in Kohl’s by 0.7% during the 1st quarter. Convergence Investment Partners LLC now owns 44,043 shares of the company’s stock worth $3,029,000 after purchasing an additional 315 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Kohl’s by 100.0% in the 1st quarter. Moors & Cabot Inc. now owns 8,738 shares of the company’s stock valued at $604,000 after buying an additional 4,369 shares during the period. Aviance Capital Partners LLC grew its stake in shares of Kohl’s by 3.3% in the 1st quarter. Aviance Capital Partners LLC now owns 17,197 shares of the company’s stock valued at $1,183,000 after buying an additional 550 shares during the period. Eagle Asset Management Inc. grew its stake in shares of Kohl’s by 2.9% in the 1st quarter. Eagle Asset Management Inc. now owns 7,928 shares of the company’s stock valued at $545,000 after buying an additional 226 shares during the period. Finally, Bridges Investment Management Inc. grew its stake in shares of Kohl’s by 7.6% in the 1st quarter. Bridges Investment Management Inc. now owns 5,994 shares of the company’s stock valued at $413,000 after buying an additional 422 shares during the period.
A number of equities analysts have issued reports on KSS shares. Bank of America reiterated a “buy” rating and set a $80.00 price target on shares of Kohl’s in a research note on Wednesday, March 13th. Zacks Investment Research upgraded Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Tuesday, March 12th. Morgan Stanley cut their target price on Kohl’s from $58.00 to $50.00 and set an “underweight” rating on the stock in a research note on Thursday, May 23rd. Atlantic Securities upgraded Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 target price on the stock in a research note on Wednesday, March 6th. Finally, Guggenheim restated a “buy” rating and issued a $80.00 target price on shares of Kohl’s in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $71.97.
KSS stock traded down $0.60 during midday trading on Wednesday, reaching $50.51. 5,008,851 shares of the company’s stock traded hands, compared to its average volume of 5,407,503. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.34. Kohl’s Co. has a 52 week low of $50.40 and a 52 week high of $83.28. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.96 and a beta of 0.77.
Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. Equities research analysts anticipate that Kohl’s Co. will post 5.33 EPS for the current 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. The ex-dividend date is Tuesday, June 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.31%. Kohl’s’s dividend payout ratio (DPR) is currently 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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