Retirement Systems of Alabama cut its stake in Kohl’s Corp. (NYSE:KSS) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 93,656 shares of the company’s stock after selling 2,431 shares during the period. Retirement Systems of Alabama’s holdings in Kohl’s Corp. were worth $3,551,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of Kohl’s Corp. during the second quarter valued at approximately $58,707,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Kohl’s Corp. during the first quarter valued at approximately $47,865,000. Legal & General Group Plc boosted its stake in shares of 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 last quarter. PGGM Investments boosted its stake in shares of Kohl’s Corp. by 29.8% in the second quarter. PGGM Investments now owns 906,775 shares of the company’s stock valued at $34,385,000 after buying an additional 207,964 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Kohl’s Corp. by 13.6% in the second quarter. Strs Ohio now owns 573,422 shares of the company’s stock valued at $21,744,000 after buying an additional 68,503 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.
Kohl’s Corp. (NYSE:KSS) traded down 0.42% during midday trading on Tuesday, reaching $43.04. 2,821,407 shares of the company were exchanged. The firm has a 50-day moving average price of $43.78 and a 200-day moving average price of $41.10. Kohl’s Corp. has a 52 week low of $33.87 and a 52 week high of $52.06. The company has a market capitalization of $7.73 billion, a PE ratio of 13.97 and a beta of 0.98.
Kohl’s Corp. (NYSE:KSS) last announced its quarterly earnings results on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating 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 earned $4.18 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the business earned $1.07 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Wednesday, September 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio is presently 65.15%.
Several analysts have commented on KSS shares. Deutsche Bank AG boosted their price target on shares of Kohl’s Corp. from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. Jefferies Group restated a “buy” rating on shares of Kohl’s Corp. in a report on Monday, September 12th. Vetr downgraded shares of Kohl’s Corp. from a “strong-buy” rating to a “hold” rating and set a $41.50 target price on the stock. in a report on Monday, August 1st. TheStreet upgraded shares of Kohl’s Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 19th. Finally, Argus restated a “hold” rating on shares of Kohl’s Corp. in a report on Monday, August 15th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Kohl’s Corp. presently has a consensus rating of “Hold” and an average target price 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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