Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Kohl’s Corporation (NYSE:KSS – Free Report) by 98.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,664 shares of the company’s stock after acquiring an additional 110,834 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.20% of Kohl’s worth $3,438,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Kohl’s during the third quarter worth about $28,000. Caldwell Trust Co acquired a new stake in Kohl’s in the 3rd quarter valued at about $33,000. Future Financial Wealth Managment LLC boosted its position in shares of Kohl’s by 400.0% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Kohl’s by 73.1% in the 2nd quarter. Blue Trust Inc. now owns 6,591 shares of the company’s stock worth $56,000 after purchasing an additional 2,784 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Kohl’s in the 2nd quarter worth approximately $85,000. Institutional investors own 98.04% of the company’s stock.
Kohl’s Stock Performance
Shares of KSS opened at $17.22 on Thursday. The company has a market capitalization of $1.93 billion, a PE ratio of 10.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The company’s 50 day moving average price is $20.93 and its 200 day moving average price is $16.97. Kohl’s Corporation has a 52 week low of $6.04 and a 52 week high of $25.22.
Kohl’s Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, December 10th. Kohl’s’s payout ratio is currently 29.07%.
Analysts Set New Price Targets
KSS has been the subject of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Kohl’s in a report on Thursday, January 22nd. The Goldman Sachs Group raised their price objective on Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, November 26th. Wall Street Zen upgraded Kohl’s from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Evercore ISI boosted their target price on Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 25th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target (up previously from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $15.55.
Get Our Latest Report on Kohl’s
Insider Activity at Kohl’s
In related news, CFO Jill Timm sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer owned 325,561 shares of the company’s stock, valued at approximately $7,813,464. The trade was a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.
About Kohl’s
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
Further Reading
- Five stocks we like better than Kohl’s
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- A U.S. “birthright” claim worth trillions – activated quietly
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.
