Palouse Capital Management Inc. bought a new stake in Kohl’s Corp. (NYSE:KSS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,218 shares of the company’s stock, valued at approximately $2,663,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of KSS. Norges Bank purchased a new position in shares of Kohl’s Corp. during the fourth quarter valued at $89,959,000. Bank of Montreal Can purchased a new position in shares of Kohl’s Corp. during the second quarter valued at $58,707,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Kohl’s Corp. during the first quarter valued at $53,388,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Kohl’s Corp. during the first quarter valued at $47,865,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Kohl’s Corp. during the first quarter valued at $14,897,000. 97.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kohl’s Corp. (NYSE:KSS) traded down 1.57% during trading on Monday, reaching $42.68. 3,236,155 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $43.54 and a 200-day moving average price of $41.58. 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 $7.67 billion, a PE ratio of 13.86 and a beta of 0.81.
Kohl’s Corp. (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.19. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Kohl’s Corp. will post $3.89 earnings per share 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 $0.50 dividend. The ex-dividend date was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.69%. Kohl’s Corp.’s dividend payout ratio is presently 65.15%.
KSS has been the topic of several research reports. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $33.00 target price on shares of Kohl’s Corp. in a research report on Monday, August 1st. TheStreet raised Kohl’s Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Robert W. Baird reaffirmed an “outperform” rating on shares of Kohl’s Corp. in a research report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating on shares of Kohl’s Corp. in a research report on Monday, September 12th. Finally, Vetr downgraded Kohl’s Corp. from a “strong-buy” rating to a “hold” rating and set a $41.50 price target for the company. in a report on Monday, August 1st. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.53.
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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