Emerald Acquisition Ltd. bought a new stake in Kohl’s Corp. (NYSE:KSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,887 shares of the company’s stock, valued at approximately $2,536,000.
Other large investors have also bought and sold shares of the company. AXA acquired a new stake in Kohl’s Corp. during the first quarter valued at approximately $166,000. ING Groep NV raised its position in Kohl’s Corp. by 49.5% in the second quarter. ING Groep NV now owns 6,459 shares of the company’s stock valued at $245,000 after buying an additional 2,140 shares during the last quarter. Conning Inc. raised its position in Kohl’s Corp. by 1.6% in the second quarter. Conning Inc. now owns 6,510 shares of the company’s stock valued at $247,000 after buying an additional 100 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Kohl’s Corp. during the second quarter valued at about $255,000. Finally, Chase Investment Counsel Corp purchased a new position in Kohl’s Corp. during the second quarter valued at about $269,000. Institutional investors and hedge funds own 97.75% of the company’s stock.
Shares of Kohl’s Corp. (NYSE:KSS) traded up 0.05% during trading on Tuesday, hitting $42.70. 1,865,748 shares of the company were exchanged. The company has a 50 day moving average of $43.63 and a 200-day moving average of $41.42. The stock has a market capitalization of $7.67 billion, a PE ratio of 13.86 and a beta of 0.81. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $52.06.
Kohl’s Corp. (NYSE:KSS) last announced its quarterly earnings results on Thursday, August 11th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.19. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The company earned $4.18 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, analysts forecast that Kohl’s Corp. will post $3.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were issued a $0.50 dividend. The ex-dividend date was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.68%. Kohl’s Corp.’s dividend payout ratio (DPR) is 65.15%.
KSS has been the subject of several analyst reports. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Kohl’s Corp. in a report on Saturday, August 13th. Jefferies Group restated a “buy” rating and set a $47.00 price target on shares of Kohl’s Corp. in a report on Thursday, August 11th. TheStreet upgraded shares of Kohl’s Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 19th. Vetr lowered shares of Kohl’s Corp. from a “strong-buy” rating to a “hold” rating and set a $41.50 price target for the company. in a report on Monday, August 1st. Finally, Zacks Investment Research upgraded shares of Kohl’s Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.53.
About Kohl’s Corp.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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