Amalgamated Bank Sells 320 Shares of Kohl’s Co. (KSS)

Amalgamated Bank trimmed its holdings in Kohl’s Co. (NYSE:KSS) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,556 shares of the company’s stock after selling 320 shares during the period. Amalgamated Bank’s holdings in Kohl’s were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bruderman Asset Management LLC grew its stake in shares of Kohl’s by 3.9% in the fourth quarter. Bruderman Asset Management LLC now owns 4,895 shares of the company’s stock worth $325,000 after purchasing an additional 183 shares during the last quarter. Daiwa SB Investments Ltd. boosted its position in Kohl’s by 26.3% during the fourth quarter. Daiwa SB Investments Ltd. now owns 1,010 shares of the company’s stock valued at $67,000 after acquiring an additional 210 shares during the last quarter. CNB Bank raised its holdings in shares of Kohl’s by 3.1% during the fourth quarter. CNB Bank now owns 7,852 shares of the company’s stock valued at $521,000 after purchasing an additional 236 shares during the period. Contravisory Investment Management Inc. raised its holdings in shares of Kohl’s by 3.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 6,575 shares of the company’s stock valued at $436,000 after purchasing an additional 241 shares during the period. Finally, First National Trust Co raised its holdings in shares of Kohl’s by 9.3% during the fourth quarter. First National Trust Co now owns 3,076 shares of the company’s stock valued at $204,000 after purchasing an additional 262 shares during the period.

Shares of KSS traded up $0.54 during trading hours on Friday, reaching $70.37. 2,044,424 shares of the company traded hands, compared to its average volume of 2,511,396. Kohl’s Co. has a 12 month low of $57.89 and a 12 month high of $83.28. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.19 and a beta of 0.78. The company has a current ratio of 1.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.61.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Kohl’s had a net margin of 3.95% and a return on equity of 16.97%. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the company posted $1.87 EPS. Kohl’s’s revenue was down 3.4% on a year-over-year basis. On average, research analysts forecast that Kohl’s Co. will post 6.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.67 per share. This is a boost from Kohl’s’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is 47.86%.

KSS has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $80.00 target price (down from $90.00) on shares of Kohl’s in a research note on Friday, January 11th. Atlantic Securities upgraded shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 target price on the stock in a research note on Wednesday, March 6th. Guggenheim restated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research report on Tuesday, March 5th. Bank of America restated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research report on Wednesday, March 13th. Finally, Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $75.58.

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Kohl’s Company Profile

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.

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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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