Fulcrum Asset Management LLP lifted its holdings in Kohl’s Corporation (NYSE:KSS – Free Report) by 3,611.2% during the 3rd quarter, Holdings Channel reports. The fund owned 271,731 shares of the company’s stock after acquiring an additional 264,409 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Kohl’s were worth $4,978,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Signaturefd LLC increased its holdings in Kohl’s by 16.2% during the 3rd quarter. Signaturefd LLC now owns 4,667 shares of the company’s stock valued at $86,000 after purchasing an additional 649 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Kohl’s by 3.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,677 shares of the company’s stock valued at $614,000 after purchasing an additional 1,077 shares during the last quarter. GAMMA Investing LLC raised its position in Kohl’s by 3.0% in the 3rd quarter. GAMMA Investing LLC now owns 47,867 shares of the company’s stock valued at $884,000 after purchasing an additional 1,401 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Kohl’s by 6.3% in the third quarter. Sterling Capital Management LLC now owns 23,488 shares of the company’s stock worth $434,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Kohl’s by 13.0% in the first quarter. Sequoia Financial Advisors LLC now owns 14,849 shares of the company’s stock worth $192,000 after purchasing an additional 1,709 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.
Kohl’s Stock Up 7.9%
NYSE:KSS opened at $24.85 on Tuesday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 10.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.41 and a current ratio of 1.49. The stock’s fifty day moving average price is $20.28 and its two-hundred day moving average price is $17.19. Kohl’s Corporation has a 52-week low of $11.38 and a 52-week high of $25.60.
Kohl’s Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were issued a $0.1250 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $0.50 annualized dividend and a yield of 2.0%. Kohl’s’s dividend payout ratio (DPR) is currently 21.83%.
Insider Transactions at Kohl’s
In related news, insider Jennifer Kent sold 22,940 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $24.00, for a total value of $550,560.00. Following the transaction, the insider owned 188,572 shares in the company, valued at $4,525,728. This trade represents a 10.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,880 shares of company stock valued at $1,055,240 in the last quarter. 1.55% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on KSS. Weiss Ratings upgraded Kohl’s from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 25th. TD Cowen began coverage on Kohl’s in a research note on Friday, October 30th. They issued a “hold” rating for the company. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a report on Friday, September 18th. Robert W. Baird upped their price target on shares of Kohl’s from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Zacks Research lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $17.25.
Get Our Latest Analysis on Kohl’s
About Kohl’s
Kohl’s Corporation is a U.S. department store retailer that sells apparel, footwear, accessories, beauty products and home goods through its stores and e-commerce platform. Its assortment includes national brands and private-label products for families and individuals.
The company also offers beauty products through Sephora shops located in many Kohl’s stores, extending its in-store and online shopping selection. Kohl’s serves customers across the United States.
The company traces its retail roots to 1962, when founder Maxwell Kohl opened the first Kohl’s department store in Brookfield, Wisconsin.
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