Van ECK Associates Corp Reduces Position in Kohl's Co. (KSS)

Van ECK Associates Corp lowered its stake in shares of Kohl's Co. (NYSE:KSS) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,173 shares of the company’s stock after selling 2,001 shares during the quarter. Van ECK Associates Corp’s holdings in Kohl's were worth $647,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ffcm LLC boosted its stake in Kohl's by 179.3% during the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after buying an additional 1,947 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in Kohl's by 0.3% during the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock worth $128,000 after buying an additional 10 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Kohl's during the second quarter worth $146,000. Raymond James Trust N.A. acquired a new stake in Kohl's during the third quarter worth $200,000. Finally, Keybank National Association OH acquired a new stake in Kohl's during the third quarter worth $207,000.

A number of research firms have weighed in on KSS. UBS reiterated a “neutral” rating and set a $38.00 price target on shares of Kohl's in a research note on Monday, August 14th. Credit Suisse Group boosted their target price on shares of Kohl's from $39.00 to $44.00 and gave the company an “underperform” rating in a research note on Monday, August 14th. ValuEngine downgraded shares of Kohl's from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets set a $43.00 target price on shares of Kohl's and gave the company a “hold” rating in a research note on Friday, August 11th. Finally, Robert W. Baird restated a “neutral” rating and issued a $43.00 target price on shares of Kohl's in a research note on Thursday, September 7th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $42.74.

Kohl's Co. (NYSE KSS) opened at $48.05 on Friday. The stock has a market cap of $8,100.27, a PE ratio of 12.75, a P/E/G ratio of 1.92 and a beta of 1.24. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. Kohl's Co. has a 52-week low of $35.16 and a 52-week high of $59.67.

Kohl's (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. analysts forecast that Kohl's Co. will post 3.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 annualized dividend and a yield of 4.58%. Kohl's’s dividend payout ratio (DPR) is 58.36%.

In related news, Director Jonas Prising purchased 4,725 shares of Kohl's stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the transaction, the director now directly owns 8,661 shares in the company, valued at $366,793.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.

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

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