Stephanie A. Streeter Sells 4,173 Shares of Kohl's Co. (KSS) Stock
Kohl's Co. (NYSE:KSS) Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the transaction, the director now directly owns 21,960 shares in the company, valued at $1,182,546. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Kohl's Co. (NYSE:KSS) opened at $55.29 on Thursday. The stock has a market cap of $9,550.00, a price-to-earnings ratio of 14.67, a P/E/G ratio of 2.14 and a beta of 1.24. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88. Kohl's Co. has a twelve month low of $35.16 and a twelve month high of $57.28.
Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. equities analysts predict that Kohl's Co. will post 3.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $2.20 annualized dividend and a yield of 3.98%. Kohl's’s dividend payout ratio is presently 58.36%.
A number of institutional investors and hedge funds have recently bought and sold shares of KSS. Balyasny Asset Management LLC raised its holdings in Kohl's by 28,709.6% in the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock valued at $64,493,000 after acquiring an additional 1,661,997 shares in the last quarter. Northern Trust Corp increased its stake in Kohl's by 34.9% during the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after purchasing an additional 1,396,006 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Kohl's during the third quarter valued at $46,574,000. Royal Bank of Canada increased its stake in Kohl's by 220.4% during the second quarter. Royal Bank of Canada now owns 460,527 shares of the company’s stock valued at $17,810,000 after purchasing an additional 843,101 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Kohl's by 115.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,220,851 shares of the company’s stock valued at $47,210,000 after purchasing an additional 653,659 shares during the last quarter.
A number of brokerages have weighed in on KSS. ValuEngine cut shares of Kohl's from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price target on shares of Kohl's in a research report on Thursday, September 7th. Cowen reaffirmed a “market perform” rating and set a $47.00 price target (up from $42.00) on shares of Kohl's in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Monday, October 16th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Kohl's in a research report on Monday, December 18th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Kohl's presently has an average rating of “Hold” and an average price target of $43.26.
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Kohl's Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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