Strs Ohio increased its stake in Kohl’s Corp. (NYSE:KSS) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,422 shares of the company’s stock after buying an additional 68,503 shares during the period. Strs Ohio’s holdings in Kohl’s Corp. were worth $21,744,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in Kohl’s Corp. by 3.2% in the first quarter. Legal & General Group Plc now owns 913,000 shares of the company’s stock valued at $42,543,000 after buying an additional 28,113 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Kohl’s Corp. during the first quarter valued at about $47,865,000. Aperio Group LLC raised its stake in Kohl’s Corp. by 22.2% in the first quarter. Aperio Group LLC now owns 78,569 shares of the company’s stock valued at $3,662,000 after buying an additional 14,281 shares during the period. Acadian Asset Management LLC raised its stake in Kohl’s Corp. by 13,075.2% in the first quarter. Acadian Asset Management LLC now owns 16,996 shares of the company’s stock valued at $792,000 after buying an additional 16,867 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Kohl’s Corp. during the first quarter valued at about $6,289,000. 97.75% of the stock is currently owned by institutional investors.
Shares of Kohl’s Corp. (NYSE:KSS) traded down 0.44% during midday trading on Wednesday, reaching $42.51. The company’s stock had a trading volume of 2,780,296 shares. The company has a market capitalization of $7.63 billion, a P/E ratio of 13.80 and a beta of 0.81. The company’s 50-day moving average price is $43.87 and its 200 day moving average price is $41.39. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $52.06.
Kohl’s Corp. (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 11th. The company reported $1.22 earnings per share (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 firm earned $4.18 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the business earned $1.07 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Kohl’s Corp. will post $3.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.70%. The ex-dividend date was Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio is presently 65.15%.
KSS has been the topic of several analyst reports. Jefferies Group reissued a “buy” rating on shares of Kohl’s Corp. in a report on Monday, September 12th. Robert W. Baird reaffirmed an “outperform” rating on shares of Kohl’s Corp. in a research note on Tuesday, June 28th. Vetr lowered Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 price objective on the stock. in a research note on Friday, August 12th. Argus reaffirmed a “hold” rating on shares of Kohl’s Corp. in a research note on Friday, June 10th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $33.00 price objective on shares of Kohl’s Corp. in a research note on Monday, August 1st. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Kohl’s Corp. currently has a consensus 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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