Stephen E. Watson Sells 4,173 Shares of Kohl's Co. (KSS) Stock

Kohl's Co. (NYSE:KSS) Director Stephen E. Watson sold 4,173 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $65.41, for a total transaction of $272,955.93. Following the transaction, the director now owns 16,800 shares of the company’s stock, valued at approximately $1,098,888. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NYSE KSS opened at $65.51 on Friday. The company has a quick ratio of 0.67, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $11,006.01, a PE ratio of 15.63, a P/E/G ratio of 1.87 and a beta of 1.27. Kohl's Co. has a 52-week low of $35.16 and a 52-week high of $69.48.

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Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The business had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.74 billion. Kohl's had a net margin of 4.50% and a return on equity of 13.73%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. sell-side analysts predict that Kohl's Co. will post 5.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.72%. This is a positive change from Kohl's’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 13th. Kohl's’s dividend payout ratio is 58.23%.

KSS has been the subject of several research reports. Credit Suisse Group initiated coverage on shares of Kohl's in a research report on Monday, March 12th. They set an “outperform” rating and a $72.00 price objective for the company. Zacks Investment Research lowered shares of Kohl's from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Robert W. Baird set a $73.00 price objective on shares of Kohl's and gave the company a “buy” rating in a research report on Thursday, March 1st. Piper Jaffray set a $60.00 price objective on shares of Kohl's and gave the company a “hold” rating in a research report on Thursday, March 1st. Finally, Citigroup raised their price objective on shares of Kohl's from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $59.66.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB lifted its position in shares of Kohl's by 5.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 29,482 shares of the company’s stock worth $1,599,000 after purchasing an additional 1,527 shares in the last quarter. CNB Bank purchased a new stake in shares of Kohl's in the fourth quarter worth approximately $843,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Kohl's by 78.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 98,013 shares of the company’s stock worth $5,315,000 after purchasing an additional 42,986 shares in the last quarter. Sawtooth Solutions LLC purchased a new stake in shares of Kohl's in the fourth quarter worth approximately $1,102,000. Finally, Northern Oak Wealth Management Inc. lifted its position in shares of Kohl's by 45.0% in the fourth quarter. Northern Oak Wealth Management Inc. now owns 152,487 shares of the company’s stock worth $8,269,000 after purchasing an additional 47,354 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for Kohl's (NYSE:KSS)

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