Wesley S. Mcdonald Sells 27,376 Shares of Kohl’s Corp. (KSS) Stock
Kohl’s Corp. (NYSE:KSS) CFO Wesley S. Mcdonald sold 27,376 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $52.41, for a total transaction of $1,434,776.16. Following the sale, the chief financial officer now directly owns 93,908 shares in the company, valued at approximately $4,921,718.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Kohl’s Corp. (NYSE:KSS) opened at 52.86 on Wednesday. The stock has a market cap of $9.36 billion, a P/E ratio of 16.09 and a beta of 1.00. The company’s 50-day moving average is $44.41 and its 200-day moving average is $41.22. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $53.93.
Kohl’s Corp. (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Kohl’s Corp. had a net margin of 3.17% and a return on equity of 13.59%. The company earned $4.33 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the firm posted $0.75 EPS. Kohl’s Corp.’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts expect that Kohl’s Corp. will post $3.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Monday, December 5th. Kohl’s Corp.’s dividend payout ratio (DPR) is 61.16%.
Several research firms recently commented on KSS. Citigroup Inc. boosted their price objective on shares of Kohl’s Corp. from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 12th. Telsey Advisory Group lifted their target price on shares of Kohl’s Corp. from $51.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 11th. Vetr cut shares of Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 target price for the company. in a report on Friday, August 12th. Deutsche Bank AG lifted their target price on shares of Kohl’s Corp. from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Finally, Jefferies Group lifted their target price on shares of Kohl’s Corp. from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, November 11th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.07.
Several institutional investors have recently bought and sold shares of the stock. Assetmark Inc. raised its position in Kohl’s Corp. by 0.5% in the third quarter. Assetmark Inc. now owns 2,317 shares of the company’s stock valued at $101,000 after buying an additional 11 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Kohl’s Corp. during the third quarter valued at $131,000. Fuller & Thaler Asset Management Inc. purchased a new position in Kohl’s Corp. during the third quarter valued at $131,000. Cedar Wealth Management LLC raised its position in Kohl’s Corp. by 66.5% in the second quarter. Cedar Wealth Management LLC now owns 3,429 shares of the company’s stock valued at $130,000 after buying an additional 1,370 shares during the period. Finally, Pacer Advisors Inc. raised its position in Kohl’s Corp. by 6.8% in the second quarter. Pacer Advisors Inc. now owns 3,435 shares of the company’s stock valued at $130,000 after buying an additional 218 shares during the period. 97.43% of the stock is owned by hedge funds and other institutional investors.
Kohl’s Corp. Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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