Kohl’s Co. (NYSE:KSS) Position Lessened by Mid Atlantic Financial Management Inc. ADV

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Mid Atlantic Financial Management Inc. ADV decreased its stake in Kohl’s Co. (NYSE:KSS) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,880 shares of the company’s stock after selling 386 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Kohl’s were worth $280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KSS. Wakefield Asset Management LLLP grew its stake in Kohl’s by 3.3% in the first quarter. Wakefield Asset Management LLLP now owns 4,779 shares of the company’s stock valued at $329,000 after purchasing an additional 153 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Kohl’s by 2.9% in the 1st quarter. Eagle Asset Management Inc. now owns 7,928 shares of the company’s stock valued at $545,000 after purchasing an additional 226 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Kohl’s by 2.3% in the 1st quarter. LS Investment Advisors LLC now owns 10,252 shares of the company’s stock valued at $705,000 after purchasing an additional 227 shares during the period. First Midwest Bank Trust Division lifted its stake in shares of Kohl’s by 3.1% in the 2nd quarter. First Midwest Bank Trust Division now owns 8,434 shares of the company’s stock valued at $402,000 after purchasing an additional 256 shares during the period. Finally, Princeton Capital Management LLC lifted its stake in shares of Kohl’s by 94.3% in the 1st quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock valued at $37,000 after purchasing an additional 264 shares during the period.

KSS stock opened at $45.33 on Wednesday. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.86 and a beta of 1.00. The company has a quick ratio of 0.36, a current ratio of 1.65 and a debt-to-equity ratio of 1.06. Kohl’s Co. has a 12-month low of $43.33 and a 12-month high of $83.28. The company’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $58.67.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.25 billion. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.76 earnings per share. Research analysts expect that Kohl’s Co. will post 5.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Tuesday, September 10th. Kohl’s’s payout ratio is presently 47.86%.

A number of research analysts have recently weighed in on KSS shares. Morgan Stanley increased their price target on Kohl’s from $50.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Goldman Sachs Group set a $56.00 price target on Kohl’s and gave the company a “buy” rating in a research note on Wednesday, August 21st. Robert W. Baird cut their price target on Kohl’s from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. OTR Global downgraded Kohl’s to a “positive” rating in a research note on Friday, August 2nd. Finally, Citigroup cut their price target on Kohl’s from $71.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Kohl’s has an average rating of “Hold” and an average target price of $61.47.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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