Kohl’s Co. (KSS) Stake Lessened by Todd Asset Management LLC

Todd Asset Management LLC reduced its stake in shares of Kohl’s Co. (NYSE:KSS) by 89.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,450 shares of the company’s stock after selling 216,957 shares during the quarter. Todd Asset Management LLC’s holdings in Kohl’s were worth $1,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in Kohl’s by 136.5% in the fourth quarter. Acadian Asset Management LLC now owns 1,783 shares of the company’s stock worth $118,000 after purchasing an additional 1,029 shares in the last quarter. SG Americas Securities LLC raised its holdings in Kohl’s by 87.0% in the fourth quarter. SG Americas Securities LLC now owns 469,361 shares of the company’s stock worth $31,137,000 after purchasing an additional 218,330 shares in the last quarter. Hallmark Capital Management Inc. bought a new position in Kohl’s in the fourth quarter worth about $1,104,000. State of Tennessee Treasury Department raised its holdings in Kohl’s by 126.4% in the fourth quarter. State of Tennessee Treasury Department now owns 188,372 shares of the company’s stock worth $12,497,000 after purchasing an additional 105,157 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in Kohl’s by 9.8% in the fourth quarter. Stifel Financial Corp now owns 169,495 shares of the company’s stock worth $11,250,000 after purchasing an additional 15,068 shares in the last quarter.

KSS has been the topic of a number of research analyst reports. Bank of America restated a “buy” rating and set a $80.00 price target on shares of Kohl’s in a research note on Wednesday, March 13th. Zacks Investment Research upgraded Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Tuesday, March 12th. Atlantic Securities upgraded Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price target on the stock in a research note on Wednesday, March 6th. Guggenheim restated a “buy” rating and set a $80.00 price target on shares of Kohl’s in a research note on Tuesday, March 5th. Finally, Wedbush dropped their price target on Kohl’s from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.92.

NYSE KSS traded down $2.24 during trading hours on Thursday, reaching $51.20. The stock had a trading volume of 268,610 shares, compared to its average volume of 4,805,788. The firm has a market cap of $8.72 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.07 and a beta of 0.77. Kohl’s Co. has a 52-week low of $53.01 and a 52-week high of $83.28. The company has a quick ratio of 0.50, a current ratio of 1.66 and a debt-to-equity ratio of 1.06.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, May 21st. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. Kohl’s’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. As a group, research analysts expect that Kohl’s Co. will post 5.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a $0.67 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $2.68 dividend on an annualized basis and a yield of 5.23%. Kohl’s’s dividend payout ratio is currently 47.86%.

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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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