Cooke & Bieler LP boosted its position in shares of Kohl’s Corp. (NYSE:KSS) by 10.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,173,086 shares of the company’s stock after buying an additional 111,920 shares during the period. Cooke & Bieler LP’s holdings in Kohl’s Corp. were worth $44,484,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. AXA purchased a new stake in shares of Kohl’s Corp. during the first quarter worth approximately $166,000. ING Groep NV boosted its stake in shares of Kohl’s Corp. by 49.5% in the second quarter. ING Groep NV now owns 6,459 shares of the company’s stock worth $245,000 after buying an additional 2,140 shares in the last quarter. Conning Inc. boosted its stake in shares of Kohl’s Corp. by 1.6% in the second quarter. Conning Inc. now owns 6,510 shares of the company’s stock worth $247,000 after buying an additional 100 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in shares of Kohl’s Corp. during the second quarter worth approximately $269,000. Finally, Princeton Portfolio Strategies Group LLC boosted its stake in shares of Kohl’s Corp. by 13.6% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 6,250 shares of the company’s stock worth $291,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
Kohl’s Corp. (NYSE:KSS) traded down 1.05% during midday trading on Monday, reaching $43.22. 2,847,576 shares of the company traded hands. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 14.03 and a beta of 0.98. Kohl’s Corp. has a one year low of $33.87 and a one year high of $52.06. The stock’s 50 day moving average is $43.88 and its 200 day moving average is $41.22.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating the 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 firm earned $4.18 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Kohl’s Corp. will post $3.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 4.63%. Kohl’s Corp.’s payout ratio is presently 65.15%.
A number of analysts have commented on the stock. Bank of America Corp. reiterated a “buy” rating and issued a $50.00 price target on shares of Kohl’s Corp. in a research note on Thursday, September 29th. Zacks Investment Research upgraded shares of Kohl’s Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Guggenheim initiated coverage on shares of Kohl’s Corp. in a research note on Friday, September 30th. They set a “buy” rating and a $50.00 target price for the company. Vetr cut shares of Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 target price for the company. in a research note on Friday, August 12th. Finally, Robert W. Baird restated an “outperform” rating on shares of Kohl’s Corp. in a research note on Tuesday, June 28th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Kohl’s Corp. currently has a consensus rating of “Hold” and a consensus price target of $47.88.
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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