Westpac Banking Corp increased its stake in shares of Kohl’s Corp. (NYSE:KSS) by 29.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,251 shares of the company’s stock after buying an additional 2,361 shares during the period. Westpac Banking Corp’s holdings in Kohl’s Corp. were worth $389,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp acquired a new position in shares of Kohl’s Corp. during the first quarter worth about $1,007,000. Canada Pension Plan Investment Board boosted its position in shares of Kohl’s Corp. by 13.3% in the first quarter. Canada Pension Plan Investment Board now owns 400,133 shares of the company’s stock worth $18,650,000 after buying an additional 47,034 shares during the last quarter. Credit Agricole S A boosted its position in shares of Kohl’s Corp. by 10.6% in the first quarter. Credit Agricole S A now owns 74,942 shares of the company’s stock worth $3,494,000 after buying an additional 7,166 shares during the last quarter. Aviva PLC boosted its position in shares of Kohl’s Corp. by 0.3% in the first quarter. Aviva PLC now owns 105,603 shares of the company’s stock worth $4,922,000 after buying an additional 318 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in shares of Kohl’s Corp. during the first quarter worth about $1,328,000. Hedge funds and other institutional investors own 97.75% of the company’s stock.
Kohl’s Corp. (NYSE:KSS) traded up 2.33% on Friday, hitting $46.02. The company had a trading volume of 494,578 shares. The stock has a 50 day moving average of $43.80 and a 200-day moving average of $41.24. The stock has a market capitalization of $8.26 billion, a PE ratio of 14.94 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.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.19. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. Kohl’s Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Equities analysts anticipate that Kohl’s Corp. will post $3.89 EPS for the current year.
The firm also recently declared 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 of this dividend was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.45%. Kohl’s Corp.’s dividend payout ratio (DPR) is currently 65.15%.
A number of equities research analysts have recently commented on the stock. Bank of America Corp. reiterated a “buy” rating and set a $50.00 price target on shares of Kohl’s Corp. in a report on Thursday, September 29th. Zacks Investment Research upgraded shares of Kohl’s Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Guggenheim assumed coverage on shares of Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 price target for the company. Vetr downgraded shares of Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 price target for the company. in a report on Friday, August 12th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Kohl’s Corp. in a report on Tuesday, June 28th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus 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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