Deutsche Bank AG lessened its stake in Kohl's Co. (NYSE:KSS) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 775,187 shares of the company’s stock after selling 115,635 shares during the quarter. Deutsche Bank AG owned about 0.46% of Kohl's worth $42,035,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maverick Capital Ltd. boosted its holdings in Kohl's by 286.9% in the 4th quarter. Maverick Capital Ltd. now owns 332,120 shares of the company’s stock worth $18,011,000 after acquiring an additional 246,270 shares during the period. State of Wisconsin Investment Board boosted its holdings in Kohl's by 10.1% in the 3rd quarter. State of Wisconsin Investment Board now owns 174,501 shares of the company’s stock worth $7,966,000 after acquiring an additional 16,069 shares during the period. Creative Planning boosted its holdings in Kohl's by 37.4% in the 4th quarter. Creative Planning now owns 6,174 shares of the company’s stock worth $335,000 after acquiring an additional 1,681 shares during the period. IFM Investors Pty Ltd purchased a new position in Kohl's in the 3rd quarter worth approximately $281,000. Finally, Global Financial Private Capital LLC boosted its holdings in Kohl's by 93.4% in the 4th quarter. Global Financial Private Capital LLC now owns 19,015 shares of the company’s stock worth $1,031,000 after acquiring an additional 9,185 shares during the period.
In related news, Director Peter Boneparth sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $66.18, for a total transaction of $496,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the sale, the director now directly owns 21,960 shares in the company, valued at $1,182,546. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.10. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.74 billion. Kohl's had a return on equity of 13.73% and a net margin of 4.50%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. research analysts predict that Kohl's Co. will post 5.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be given a dividend of $0.61 per share. This is a positive change from Kohl's’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, March 13th. Kohl's’s dividend payout ratio is currently 56.48%.
KSS has been the subject of a number of analyst reports. Bank of America upped their price target on Kohl's from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. ValuEngine upgraded Kohl's from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Jefferies Group reiterated a “buy” rating on shares of Kohl's in a research note on Monday, December 18th. Northcoast Research started coverage on Kohl's in a research note on Friday, December 8th. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded Kohl's from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Kohl's currently has a consensus rating of “Hold” and an average price target of $59.66.
Kohl's Company Profile
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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