Conning Inc. raised its position in Kohl’s Corp. (NYSE:KSS) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,510 shares of the company’s stock after buying an additional 100 shares during the period. Conning Inc.’s holdings in Kohl’s Corp. were worth $247,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Credit Agricole S A boosted its stake in Kohl’s Corp. by 10.6% in the first quarter. Credit Agricole S A now owns 74,942 shares of the company’s stock worth $3,494,000 after buying an additional 7,166 shares during the last quarter. Aviva PLC boosted its stake in Kohl’s Corp. by 0.3% in the first quarter. Aviva PLC now owns 105,603 shares of the company’s stock worth $4,922,000 after buying an additional 318 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Kohl’s Corp. during the first quarter worth about $1,328,000. Ropes Wealth Advisors LLC boosted its stake in Kohl’s Corp. by 2,598.6% in the first quarter. Ropes Wealth Advisors LLC now owns 7,799 shares of the company’s stock worth $364,000 after buying an additional 7,510 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Kohl’s Corp. during the first quarter worth about $4,729,000. 97.75% of the stock is owned by institutional investors and hedge funds.
Shares of Kohl’s Corp. (NYSE:KSS) traded up 1.44% on Thursday, hitting $44.97. The company had a trading volume of 2,909,356 shares. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 14.60 and a beta of 0.98. The company has a 50 day moving average price of $43.80 and a 200 day moving average price of $41.24. 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business earned $4.18 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Kohl’s Corp.’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that Kohl’s Corp. will post $3.89 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 annualized dividend and a yield of 4.45%. Kohl’s Corp.’s dividend payout ratio (DPR) is currently 65.15%.
A number of research firms recently issued reports on KSS. Argus reissued a “hold” rating on shares of Kohl’s Corp. in a research note on Monday, August 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Kohl’s Corp. in a research report on Saturday, August 13th. RBC Capital Markets reaffirmed an “underperform” rating and set a $44.00 price target (up previously from $37.00) on shares of Kohl’s Corp. in a research report on Saturday, August 13th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $35.00 price target on shares of Kohl’s Corp. in a research report on Monday, August 15th. Finally, TheStreet raised Kohl’s Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.88.
Kohl’s Corp. Company Profile
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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