ING Groep NV boosted its position in Kohl’s Corp. (NYSE:KSS) by 49.5% during the second quarter, Holdings Channel reports. The fund owned 6,459 shares of the company’s stock after buying an additional 2,140 shares during the period. ING Groep NV’s holdings in Kohl’s Corp. were worth $245,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. AXA purchased a new position in shares of Kohl’s Corp. during the first quarter worth approximately $166,000. Conning Inc. increased its position 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 during the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Kohl’s Corp. during the second quarter worth approximately $269,000. Princeton Portfolio Strategies Group LLC increased its position 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 during the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of Kohl’s Corp. during the second quarter worth approximately $305,000. Institutional investors own 97.75% of the company’s stock.
Kohl’s Corp. (NYSE:KSS) traded down 3.19% on Friday, reaching $43.68. 5,856,681 shares of the company traded hands. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 14.18 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 firm has a 50 day moving average price of $43.88 and a 200 day moving average price of $41.22.
Kohl’s Corp. (NYSE:KSS) last announced its quarterly earnings results on Thursday, August 11th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.19. The business earned $4.18 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. Equities research analysts predict that Kohl’s Corp. will post $3.89 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were paid a $0.50 dividend. The ex-dividend date was Friday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 4.58%. Kohl’s Corp.’s payout ratio is 65.15%.
A number of equities analysts have commented on the stock. Bank of America Corp. restated a “buy” rating and set a $50.00 price objective on shares of Kohl’s Corp. in a research report on Thursday, September 29th. Zacks Investment Research raised shares of Kohl’s Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Guggenheim began coverage on shares of Kohl’s Corp. in a research note on Friday, September 30th. They set a “buy” rating and a $50.00 price target on the stock. Vetr cut shares of Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 price target on the stock. in a research note on Friday, August 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Kohl’s Corp. in a research note on Tuesday, June 28th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Kohl’s Corp. 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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