SkyBridge Capital II LLC lessened its holdings in Kohl's Co. (NYSE:KSS) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,358 shares of the company’s stock after selling 60,779 shares during the quarter. Kohl's makes up about 3.8% of SkyBridge Capital II LLC’s investment portfolio, making the stock its 6th largest holding. SkyBridge Capital II LLC owned about 0.17% of Kohl's worth $13,027,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Kohl's by 8.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,300 shares of the company’s stock worth $1,893,000 after purchasing an additional 3,300 shares during the period. Financial Counselors Inc. lifted its holdings in Kohl's by 1.6% in the third quarter. Financial Counselors Inc. now owns 79,858 shares of the company’s stock worth $3,646,000 after purchasing an additional 1,242 shares during the period. OxFORD Asset Management LLP lifted its holdings in Kohl's by 400.3% in the third quarter. OxFORD Asset Management LLP now owns 116,860 shares of the company’s stock worth $5,332,000 after purchasing an additional 93,502 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in Kohl's by 182.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 56,553 shares of the company’s stock worth $2,582,000 after purchasing an additional 36,514 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Kohl's by 28.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,032,578 shares of the company’s stock worth $92,787,000 after purchasing an additional 445,400 shares during the period.
Several equities research analysts recently weighed in on KSS shares. Royal Bank Of Canada set a $39.00 price objective on shares of Kohl's and gave the stock a “sell” rating in a report on Tuesday, August 29th. BidaskClub cut shares of Kohl's from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. OTR Global reiterated a “sell” rating on shares of Kohl's in a research report on Tuesday, August 8th. Telsey Advisory Group upgraded shares of Kohl's from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $50.00 in a research report on Monday, October 9th. Finally, ValuEngine upgraded shares of Kohl's from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.74.
Kohl's (NYSE:KSS) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. sell-side analysts forecast that Kohl's Co. will post 3.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.20 annualized dividend and a dividend yield of 4.56%. Kohl's’s payout ratio is 58.36%.
In other news, Director Jonas Prising purchased 4,725 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $42.35 per share, with a total value of $200,103.75. Following the purchase, the director now owns 8,661 shares in the company, valued at approximately $366,793.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
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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