Meeder Asset Management Inc. lowered its stake in Kohl’s Corp. (NYSE:KSS) by 35.8% during the second quarter, Holdings Channel reports. The firm owned 7,179 shares of the company’s stock after selling 4,008 shares during the period. Meeder Asset Management Inc.’s holdings in Kohl’s Corp. were worth $272,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its position 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 period. Kovitz Investment Group Partners LLC bought a new position in shares of Kohl’s Corp. during the first quarter valued at about $47,865,000. Aperio Group LLC increased its position in shares of Kohl’s Corp. by 22.2% in the first quarter. Aperio Group LLC now owns 78,569 shares of the company’s stock valued at $3,662,000 after buying an additional 14,281 shares during the period. Acadian Asset Management LLC increased its position in shares of Kohl’s Corp. by 13,075.2% in the first quarter. Acadian Asset Management LLC now owns 16,996 shares of the company’s stock valued at $792,000 after buying an additional 16,867 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Kohl’s Corp. during the first quarter valued at about $6,289,000. Institutional investors and hedge funds own 97.75% of the company’s stock.
Kohl’s Corp. (NYSE:KSS) traded down 0.34% during mid-day trading on Friday, reaching $43.36. The company had a trading volume of 2,893,728 shares. Kohl’s Corp. has a one year low of $33.87 and a one year high of $52.06. The firm has a market capitalization of $7.79 billion, a P/E ratio of 14.08 and a beta of 0.81. The firm’s 50-day moving average is $43.54 and its 200-day moving average is $41.58.
Kohl’s Corp. (NYSE:KSS) last released its quarterly earnings data on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating the 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 revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. On average, equities research analysts anticipate that Kohl’s Corp. will post $3.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 65.15%.
KSS has been the topic of several research reports. Jefferies Group reiterated a “buy” rating on shares of Kohl’s Corp. in a research report on Monday, September 12th. Robert W. Baird reiterated an “outperform” rating on shares of Kohl’s Corp. in a research report on Tuesday, June 28th. Vetr downgraded 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 report on Friday, August 12th. Argus reiterated a “hold” rating on shares of Kohl’s Corp. in a research report on Friday, June 10th. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and set a $33.00 price target on shares of Kohl’s Corp. in a research report on Monday, August 1st. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Kohl’s Corp. has a consensus rating of “Hold” and an average target price of $47.53.
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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