Cubist Systematic Strategies LLC Buys New Position in Kohl's Co. (KSS)

Cubist Systematic Strategies LLC bought a new stake in shares of Kohl's Co. (NYSE:KSS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,491 shares of the company’s stock, valued at approximately $479,000.

Several other large investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Kohl's by 10.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,117,215 shares of the company’s stock worth $159,213,000 after acquiring an additional 377,438 shares during the period. Strs Ohio raised its stake in shares of Kohl's by 48.9% in the 3rd quarter. Strs Ohio now owns 152,264 shares of the company’s stock valued at $6,950,000 after acquiring an additional 50,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in Kohl's by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after buying an additional 186,046 shares during the period. HGK Asset Management Inc. increased its position in Kohl's by 5.0% in the 2nd quarter. HGK Asset Management Inc. now owns 281,319 shares of the company’s stock worth $10,879,000 after buying an additional 13,470 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its position in Kohl's by 11.3% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 89,977 shares of the company’s stock worth $3,479,000 after buying an additional 9,165 shares during the period.

Shares of Kohl's Co. (KSS) opened at $63.87 on Friday. The firm has a market capitalization of $10,730.00, a price-to-earnings ratio of 16.94, a PEG ratio of 2.26 and a beta of 1.24. Kohl's Co. has a 52-week low of $35.16 and a 52-week high of $65.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63.

Kohl's (NYSE:KSS) last released its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. research analysts forecast that Kohl's Co. will post 4.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 3.44%. Kohl's’s dividend payout ratio is presently 58.36%.

KSS has been the topic of several recent analyst reports. Cowen reaffirmed a “market perform” rating and issued a $47.00 price target (up from $42.00) on shares of Kohl's in a research report on Thursday, September 21st. Citigroup boosted their price target on Kohl's from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of Kohl's in a research note on Wednesday, September 27th. ValuEngine upgraded Kohl's from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Telsey Advisory Group upgraded Kohl's from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $50.00 in a research report on Monday, October 9th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Kohl's presently has a consensus rating of “Hold” and an average target price of $49.90.

In other Kohl's news, Director Jonas Prising bought 4,725 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $42.35 per share, with a total value of $200,103.75. Following the completion of the purchase, the director now owns 8,661 shares in the company, valued at $366,793.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the completion of the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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About Kohl's

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.

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

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