Seeyond Decreases Holdings in Kohl’s Co. (NYSE:KSS)
Seeyond cut its holdings in shares of Kohl’s Co. (NYSE:KSS) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,764 shares of the company’s stock after selling 1,870 shares during the quarter. Seeyond’s holdings in Kohl’s were worth $845,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. OLD National Bancorp IN raised its stake in shares of Kohl’s by 15.6% during the second quarter. OLD National Bancorp IN now owns 56,130 shares of the company’s stock worth $2,669,000 after acquiring an additional 7,592 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of Kohl’s by 34.0% in the second quarter. Annex Advisory Services LLC now owns 41,257 shares of the company’s stock worth $1,961,000 after purchasing an additional 10,469 shares during the last quarter. Corient Capital Partners LLC grew its holdings in shares of Kohl’s by 8.2% in the second quarter. Corient Capital Partners LLC now owns 28,848 shares of the company’s stock worth $1,372,000 after purchasing an additional 2,177 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Kohl’s by 73.9% in the second quarter. Ontario Teachers Pension Plan Board now owns 119,206 shares of the company’s stock worth $5,668,000 after purchasing an additional 50,676 shares during the last quarter. Finally, Hourglass Capital LLC grew its holdings in shares of Kohl’s by 15.8% in the second quarter. Hourglass Capital LLC now owns 5,120 shares of the company’s stock worth $243,000 after purchasing an additional 700 shares during the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on KSS shares. Atlantic Securities cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $42.00 target price on the stock. in a report on Tuesday, June 4th. Telsey Advisory Group cut their price target on shares of Kohl’s from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, August 21st. Deutsche Bank reiterated a “hold” rating and issued a $52.00 price target (down previously from $58.00) on shares of Kohl’s in a report on Wednesday, August 21st. Jefferies Financial Group cut their price target on shares of Kohl’s from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Finally, TheStreet cut shares of Kohl’s from a “b-” rating to a “c+” rating in a report on Tuesday, June 18th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $60.06.
Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.25 billion. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. Kohl’s’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 EPS. Analysts predict that Kohl’s Co. will post 5.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.03%. Kohl’s’s dividend payout ratio is currently 47.86%.
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.
Further Reading: What does a hold rating mean?
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