Today: Olstein Capital Management L.P. Reduced the position of Kohl’s Corp. (KSS)

Today: Olstein Capital Management L.P. Reduced the position of Kohl’s Corp. (KSS)

Olstein Capital Management L.P. cut its stake in shares of Kohl’s Corp. (NYSE:KSS) by 27.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 210,000 shares of the company’s stock after selling 80,000 shares during the period. Kohl’s Corp. comprises 1.2% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 27th largest position. Olstein Capital Management L.P. owned about 0.12% of Kohl’s Corp. worth $9,188,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in KSS. Renaissance Technologies LLC bought a new stake in Kohl’s Corp. during the first quarter valued at $14,897,000. Panagora Asset Management Inc. boosted its stake in Kohl’s Corp. by 3.4% in the first quarter. Panagora Asset Management Inc. now owns 330,182 shares of the company’s stock valued at $15,390,000 after buying an additional 10,872 shares during the period. Babson Capital Management LLC boosted its stake in Kohl’s Corp. by 123.7% in the first quarter. Babson Capital Management LLC now owns 47,191 shares of the company’s stock valued at $2,200,000 after buying an additional 26,100 shares during the period. Squarepoint Ops LLC boosted its stake in Kohl’s Corp. by 94.8% in the first quarter. Squarepoint Ops LLC now owns 26,670 shares of the company’s stock valued at $1,243,000 after buying an additional 12,978 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Kohl’s Corp. by 11.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,204 shares of the company’s stock valued at $522,000 after buying an additional 1,109 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Kohl’s Corp. (NYSE:KSS) opened at 54.81 on Monday. The company has a market capitalization of $9.70 billion, a P/E ratio of 16.68 and a beta of 1.00. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $57.27. The firm has a 50-day moving average price of $47.30 and a 200 day moving average price of $41.88.

Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.10. The business earned $4.33 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kohl’s Corp. had a return on equity of 13.59% and a net margin of 3.17%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. On average, equities analysts predict that Kohl’s Corp. will post $3.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, December 5th. Kohl’s Corp.’s dividend payout ratio is presently 61.16%.

KSS has been the topic of several recent analyst reports. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $33.00 price target on shares of Kohl’s Corp. in a report on Monday, August 1st. Vetr cut shares of Kohl’s Corp. from a “strong-buy” rating to a “hold” rating and set a $41.50 target price on the stock. in a report on Monday, August 1st. Jefferies Group restated a “buy” rating and set a $47.00 target price on shares of Kohl’s Corp. in a report on Thursday, August 11th. Telsey Advisory Group boosted their target price on shares of Kohl’s Corp. from $44.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Kohl’s Corp. from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, August 12th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Kohl’s Corp. has an average rating of “Hold” and an average price target of $48.80.

In other news, CFO Wesley S. Mcdonald sold 27,376 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $52.41, for a total value of $1,434,776.16. Following the completion of the transaction, the chief financial officer now directly owns 93,908 shares in the company, valued at $4,921,718.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Wesley S. Mcdonald sold 71,582 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $55.45, for a total value of $3,969,221.90. Following the completion of the transaction, the chief financial officer now owns 108,788 shares of the company’s stock, valued at $6,032,294.60. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Kohl’s Corp. Company Profile

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