Phoenix Holdings Ltd. Takes $16.24 Million Position in Kohl’s Co. (NYSE:KSS)

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Phoenix Holdings Ltd. purchased a new stake in Kohl’s Co. (NYSE:KSS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 342,780 shares of the company’s stock, valued at approximately $16,239,000. Phoenix Holdings Ltd. owned about 0.22% of Kohl’s at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its stake in Kohl’s by 1.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 80,814 shares of the company’s stock worth $4,013,000 after purchasing an additional 1,300 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Kohl’s by 45.5% during the 3rd quarter. Stifel Financial Corp now owns 87,933 shares of the company’s stock worth $4,364,000 after acquiring an additional 27,493 shares in the last quarter. SWS Partners grew its stake in shares of Kohl’s by 4.4% during the 3rd quarter. SWS Partners now owns 21,205 shares of the company’s stock worth $1,245,000 after acquiring an additional 901 shares in the last quarter. State Street Corp grew its stake in shares of Kohl’s by 1.0% during the 3rd quarter. State Street Corp now owns 8,601,143 shares of the company’s stock worth $427,133,000 after acquiring an additional 88,654 shares in the last quarter. Finally, Colony Group LLC grew its stake in shares of Kohl’s by 57.5% during the 3rd quarter. Colony Group LLC now owns 11,690 shares of the company’s stock worth $581,000 after acquiring an additional 4,268 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on KSS shares. Credit Suisse Group decreased their price target on shares of Kohl’s from $51.00 to $48.00 in a research note on Wednesday, November 20th. Evercore ISI assumed coverage on Kohl’s in a report on Wednesday, November 20th. They issued a “hold” rating and a $52.00 price objective for the company. Deutsche Bank reissued a “hold” rating and issued a $52.00 price objective (down previously from $58.00) on shares of Kohl’s in a report on Wednesday, August 21st. Wedbush cut their price objective on Kohl’s from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 20th. Finally, ValuEngine raised Kohl’s from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $54.44.

Shares of NYSE KSS traded up $0.31 during mid-day trading on Wednesday, reaching $46.25. The company had a trading volume of 3,547,703 shares, compared to its average volume of 4,035,358. Kohl’s Co. has a one year low of $43.33 and a one year high of $75.91. 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 business’s 50-day simple moving average is $52.06 and its 200 day simple moving average is $50.05. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.97 and a beta of 1.01.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 19th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). Kohl’s had a net margin of 3.50% and a return on equity of 15.19%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kohl’s Co. will post 4.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date is Tuesday, December 10th. Kohl’s’s payout ratio is 47.86%.

Kohl’s 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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