Kohl’s Co. (KSS) Stake Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its position in shares of Kohl’s Co. (NYSE:KSS) by 40.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,888 shares of the company’s stock after selling 32,794 shares during the period. Baird Financial Group Inc.’s holdings in Kohl’s were worth $3,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC grew its position in shares of Kohl’s by 6,537.0% during the 1st quarter. NuWave Investment Management LLC now owns 1,792 shares of the company’s stock valued at $117,000 after purchasing an additional 1,765 shares in the last quarter. Avestar Capital LLC grew its position in shares of Kohl’s by 987.3% during the 1st quarter. Avestar Capital LLC now owns 2,218 shares of the company’s stock valued at $129,000 after purchasing an additional 2,014 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Kohl’s during the 1st quarter valued at $182,000. Parametrica Management Ltd purchased a new position in shares of Kohl’s during the 1st quarter valued at $203,000. Finally, Sciencast Management LP purchased a new position in shares of Kohl’s during the 4th quarter valued at $216,000.

Kohl’s opened at $74.00 on Friday, according to MarketBeat.com. The company has a quick ratio of 0.44, a current ratio of 1.76 and a debt-to-equity ratio of 0.72. Kohl’s Co. has a 12-month low of $35.33 and a 12-month high of $79.92. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.



Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, May 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.14. Kohl’s had a net margin of 4.46% and a return on equity of 14.28%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. sell-side analysts predict that Kohl’s Co. will post 5.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, June 12th. This represents a $2.44 annualized dividend and a yield of 3.30%. Kohl’s’s payout ratio is 58.23%.

In other Kohl’s news, Director Steven A. Burd sold 4,945 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $76.67, for a total transaction of $379,133.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard D. Schepp sold 20,480 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $65.00, for a total transaction of $1,331,200.00. Following the sale, the insider now owns 189,407 shares of the company’s stock, valued at $12,311,455. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 345,311 shares of company stock valued at $22,677,767. Company insiders own 1.20% of the company’s stock.

A number of research firms have recently commented on KSS. Citigroup lowered shares of Kohl’s from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Thursday. Robert W. Baird boosted their price target on shares of Kohl’s from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. Guggenheim reiterated a “buy” rating on shares of Kohl’s in a research report on Friday, June 8th. Susquehanna Bancshares reiterated a “neutral” rating on shares of Kohl’s in a research report on Thursday, June 7th. Finally, Deutsche Bank upped their target price on shares of Kohl’s from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, June 7th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Kohl’s currently has an average rating of “Hold” and a consensus price target of $64.73.

Kohl’s Profile

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.

Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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