New Mexico Educational Retirement Board lessened its stake in Kohl’s Co. (NYSE:KSS) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,551 shares of the company’s stock after selling 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Kohl’s were worth $623,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC bought a new stake in shares of Kohl’s in the 3rd quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new position in Kohl’s during the 2nd quarter valued at approximately $26,000. TRUE Private Wealth Advisors bought a new position in Kohl’s during the 2nd quarter valued at approximately $33,000. Point72 Asset Management L.P. bought a new position in Kohl’s during the 2nd quarter valued at approximately $38,000. Finally, Webster Bank N. A. bought a new position in Kohl’s during the 3rd quarter valued at approximately $50,000. 94.90% of the stock is owned by institutional investors.
KSS stock opened at $46.82 on Tuesday. Kohl’s Co. has a fifty-two week low of $43.33 and a fifty-two week high of $75.91. The business’s 50 day moving average price is $52.17 and its two-hundred day moving average price is $50.15. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.22 and a current ratio of 1.42. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01.
Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 19th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.12). Kohl’s had a return on equity of 15.19% and a net margin of 3.50%. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter last year, the company posted $0.98 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Kohl’s Co. will post 4.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.72%. Kohl’s’s dividend payout ratio (DPR) is 47.86%.
A number of research firms have commented on KSS. Deutsche Bank reaffirmed a “hold” rating and set a $52.00 price target (down previously from $58.00) on shares of Kohl’s in a research report on Wednesday, August 21st. Zacks Investment Research lowered Kohl’s from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research report on Thursday, August 22nd. Robert W. Baird lowered their price target on Kohl’s from $65.00 to $58.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. They noted that the move was a valuation call. Evercore ISI began coverage on Kohl’s in a research report on Wednesday, November 20th. They set a “hold” rating and a $52.00 price target for the company. Finally, Morgan Stanley upped their price target on Kohl’s from $50.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $54.44.
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.
Featured Story: What is a growth and income fund?
Want to see what other hedge funds are holding KSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kohl’s Co. (NYSE:KSS).
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.