Oregon Public Employees Retirement Fund lifted its holdings in Kohl’s Co. (NYSE:KSS) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,913 shares of the company’s stock after purchasing an additional 28,423 shares during the quarter. Oregon Public Employees Retirement Fund owned 0.09% of Kohl’s worth $10,783,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Kohl’s by 76.4% in the second quarter. Renaissance Technologies LLC now owns 1,321,900 shares of the company’s stock worth $96,367,000 after purchasing an additional 572,700 shares in the last quarter. Bridgewater Associates LP acquired a new position in Kohl’s during the second quarter worth $8,972,000. BlueMountain Capital Management LLC increased its holdings in Kohl’s by 112.5% during the second quarter. BlueMountain Capital Management LLC now owns 49,006 shares of the company’s stock worth $3,573,000 after buying an additional 25,945 shares during the last quarter. Captrust Financial Advisors increased its holdings in Kohl’s by 3.9% during the second quarter. Captrust Financial Advisors now owns 25,389 shares of the company’s stock worth $1,851,000 after buying an additional 947 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd acquired a new position in Kohl’s during the second quarter worth $3,101,000.
NYSE:KSS opened at $82.05 on Wednesday. Kohl’s Co. has a one year low of $37.97 and a one year high of $82.22. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 1.82.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. analysts predict that Kohl’s Co. will post 5.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $2.44 annualized dividend and a dividend yield of 2.97%. Kohl’s’s dividend payout ratio is currently 58.23%.
In related 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 value of $379,133.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard D. Schepp sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $78.52, for a total transaction of $1,177,800.00. Following the completion of the transaction, the insider now owns 161,050 shares in the company, valued at $12,645,646. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
A number of brokerages recently weighed in on KSS. Royal Bank of Canada set a $82.00 target price on shares of Kohl’s and gave the stock a “hold” rating in a report on Wednesday, August 22nd. ValuEngine upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Monday, August 13th. MKM Partners boosted their target price on shares of Kohl’s to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. Zacks Investment Research downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, Goldman Sachs Group began coverage on shares of Kohl’s in a report on Monday. They set a “buy” rating and a $91.00 target price on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. Kohl’s currently has an average rating of “Hold” and a consensus price target of $77.20.
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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