ClariVest Asset Management LLC Sells 79,879 Shares of Kohl’s Co. (NYSE:KSS)

ClariVest Asset Management LLC trimmed its position in shares of Kohl’s Co. (NYSE:KSS) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,513 shares of the company’s stock after selling 79,879 shares during the period. ClariVest Asset Management LLC owned approximately 0.27% of Kohl’s worth $29,950,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KSS. Oregon Public Employees Retirement Fund raised its position in shares of Kohl’s by 5,066.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,708,774 shares of the company’s stock valued at $116,000 after buying an additional 7,559,552 shares during the last quarter. Norges Bank bought a new stake in Kohl’s during the fourth quarter worth about $127,565,000. Maj Invest Holding A S bought a new stake in Kohl’s during the first quarter worth about $112,085,000. Northern Trust Corp grew its stake in Kohl’s by 13.1% during the fourth quarter. Northern Trust Corp now owns 5,193,974 shares of the company’s stock worth $344,568,000 after buying an additional 599,961 shares during the last quarter. Finally, Delek Group Ltd. bought a new stake in Kohl’s during the first quarter worth about $15,344,000.

KSS traded up $0.30 during mid-day trading on Monday, hitting $47.85. The stock had a trading volume of 5,610,400 shares, compared to its average volume of 4,095,870. The business’s fifty day simple moving average is $51.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.34. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.89 and a beta of 0.99. Kohl’s Co. has a 1-year low of $45.21 and a 1-year high of $83.28.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. As a group, analysts forecast that Kohl’s Co. will post 5.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued a $0.67 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $2.68 annualized dividend and a yield of 5.60%. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.

KSS has been the topic of several research analyst reports. Bank of America reaffirmed a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 12th. Morgan Stanley decreased their price target on shares of Kohl’s from $58.00 to $50.00 and set an “underweight” rating on the stock in a research note on Thursday, May 23rd. Atlantic Securities raised shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price target on the stock in a research note on Wednesday, March 6th. Finally, Guggenheim reissued a “buy” rating and set a $80.00 price target on shares of Kohl’s in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.67.

About Kohl’s

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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