Wesley S. Mcdonald Sells 71,582 Shares of Kohl’s Corp. (KSS) Stock
Kohl’s Corp. (NYSE:KSS) CFO Wesley S. Mcdonald sold 71,582 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $55.45, for a total value of $3,969,221.90. Following the sale, the chief financial officer now owns 108,788 shares in the company, valued at $6,032,294.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Kohl’s Corp. (NYSE:KSS) opened at 53.78 on Thursday. The stock has a 50 day moving average price of $45.29 and a 200-day moving average price of $41.36. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $57.27. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 16.37 and a beta of 1.00.
Kohl’s Corp. (NYSE:KSS) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 firm earned $4.33 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the company posted $0.75 EPS. Kohl’s Corp.’s revenue was down 2.3% on a year-over-year basis. Equities analysts anticipate that Kohl’s Corp. will post $3.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Monday, December 5th. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 61.16%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. boosted 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. Pacer Advisors Inc. boosted 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. Cedar Wealth Management LLC boosted 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. Catalyst Capital Advisors LLC bought a new position in Kohl’s Corp. during the third quarter valued at $131,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Kohl’s Corp. during the third quarter valued at $131,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.
A number of analysts have recently weighed in on KSS shares. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $33.00 price target on shares of Kohl’s Corp. in a research report on Monday, August 1st. TheStreet upgraded Kohl’s Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Guggenheim started coverage on Kohl’s Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $50.00 price target on the stock. Jefferies Group reiterated a “buy” rating on shares of Kohl’s Corp. in a research report on Monday, September 12th. Finally, OTR Global cut Kohl’s Corp. from a “mixed” rating to a “sell” rating in a research report on Wednesday, November 2nd. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.07.
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.
Receive News & Stock Ratings for Kohl's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's Corp. and related stocks with our FREE daily email newsletter.