Huntington National Bank reduced its position in Kohl’s Corp. (NYSE:KSS) by 84.2% during the second quarter, Holdings Channel reports. The institutional investor owned 22,878 shares of the company’s stock after selling 122,242 shares during the period. Huntington National Bank’s holdings in Kohl’s Corp. were worth $867,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of KSS. Bank of Montreal Can acquired a new stake in Kohl’s Corp. during the second quarter worth $58,707,000. Kovitz Investment Group Partners LLC acquired a new stake in Kohl’s Corp. during the first quarter worth $47,865,000. Renaissance Technologies LLC acquired a new stake in Kohl’s Corp. during the first quarter worth $14,897,000. PGGM Investments raised its stake in Kohl’s Corp. by 29.8% in the second quarter. PGGM Investments now owns 906,775 shares of the company’s stock worth $34,385,000 after buying an additional 207,964 shares during the last quarter. Finally, Confluence Investment Management LLC raised its stake in Kohl’s Corp. by 14.1% in the second quarter. Confluence Investment Management LLC now owns 1,124,019 shares of the company’s stock worth $42,623,000 after buying an additional 139,211 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.
Shares of Kohl’s Corp. (NYSE:KSS) traded down 0.42% on Tuesday, reaching $43.04. The company had a trading volume of 2,821,407 shares. The firm has a market capitalization of $7.73 billion, a P/E ratio of 13.97 and a beta of 0.98. Kohl’s Corp. has a 52 week low of $33.87 and a 52 week high of $52.06. The company’s 50-day moving average price is $43.78 and its 200 day moving average price is $41.10.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings data 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 net margin of 3.02% and a return on equity of 13.39%. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business posted $1.07 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts expect that Kohl’s Corp. will post $3.89 EPS for the current year.
The business also recently disclosed 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 was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. Kohl’s Corp.’s payout ratio is 65.15%.
KSS has been the topic of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating on shares of Kohl’s Corp. in a research note on Monday, September 12th. Bank of America Corp. reiterated a “buy” rating and issued a $50.00 target price on shares of Kohl’s Corp. in a research note on Thursday, September 29th. Robert W. Baird reiterated 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 target price on the stock. in a research note on Friday, August 12th. Finally, Guggenheim initiated coverage on Kohl’s Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $50.00 target price on the stock. Six 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. The company currently has an average 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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