Victory Capital Management Inc. lowered its holdings in shares of Kohl’s Co. (NYSE:KSS – Get Rating) by 40.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,169 shares of the company’s stock after selling 26,323 shares during the period. Victory Capital Management Inc.’s holdings in Kohl’s were worth $1,236,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Starboard Value LP bought a new position in Kohl’s during the 1st quarter worth $201,401,000. Laurion Capital Management LP bought a new position in shares of Kohl’s during the third quarter worth about $36,591,000. State Street Corp lifted its stake in shares of Kohl’s by 12.5% in the third quarter. State Street Corp now owns 4,962,073 shares of the company’s stock worth $124,796,000 after acquiring an additional 551,124 shares during the period. Verition Fund Management LLC boosted its holdings in Kohl’s by 244.9% in the third quarter. Verition Fund Management LLC now owns 502,855 shares of the company’s stock valued at $12,646,000 after acquiring an additional 357,047 shares during the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new stake in Kohl’s during the 4th quarter valued at approximately $7,624,000. Institutional investors and hedge funds own 95.50% of the company’s stock.
Insider Buying and Selling at Kohl’s
In other Kohl’s news, CEO Thomas Kingsbury bought 92,500 shares of the stock in a transaction dated Wednesday, March 29th. The shares were bought at an average cost of $21.82 per share, for a total transaction of $2,018,350.00. Following the purchase, the chief executive officer now directly owns 228,993 shares of the company’s stock, valued at approximately $4,996,627.26. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.
Kohl’s Stock Performance
Kohl’s (NYSE:KSS – Get Rating) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.57. Kohl’s had a negative net margin of 0.11% and a negative return on equity of 0.47%. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts predict that Kohl’s Co. will post 2.36 EPS for the current fiscal year.
Kohl’s Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $2.00 dividend on an annualized basis and a yield of 11.12%. Kohl’s’s dividend payout ratio (DPR) is currently -465.12%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on KSS. UBS Group dropped their price target on shares of Kohl’s from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, March 29th. Robert W. Baird decreased their price target on Kohl’s from $35.00 to $30.00 in a report on Thursday, May 25th. Bank of America cut their target price on Kohl’s from $25.00 to $22.00 in a research report on Thursday, May 25th. The Goldman Sachs Group decreased their target price on Kohl’s from $27.00 to $24.00 and set a “sell” rating for the company in a research note on Thursday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kohl’s from $25.00 to $28.00 in a report on Thursday, May 25th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.88.
Kohl’s Profile
Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.
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