The Ameriprise Financial Inc. reached $5,641,000 position of Kohl’s Corp. (KSS)

The Ameriprise Financial Inc. reached $5,641,000 position  of Kohl’s Corp. (KSS)

Ameriprise Financial Inc. cut its stake in shares of Kohl’s Corp. (NYSE:KSS) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,712 shares of the company’s stock after selling 6,085 shares during the period. Ameriprise Financial Inc. owned approximately 0.08% of Kohl’s Corp. worth $5,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AXA purchased a new position in shares of Kohl’s Corp. during the first quarter valued at $166,000. Sheaff Brock Investment Advisors LLC increased its position in shares of Kohl’s Corp. by 1.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,388 shares of the company’s stock valued at $204,000 after buying an additional 83 shares during the period. Princeton Portfolio Strategies Group LLC increased its position in 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 period. ING Groep NV increased its position in Kohl’s Corp. by 49.5% in the second quarter. ING Groep NV now owns 6,459 shares of the company’s stock worth $245,000 after buying an additional 2,140 shares during the period. Finally, Conning Inc. increased its position in 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 period. Institutional investors and hedge funds own 97.75% of the company’s stock.

Shares of Kohl’s Corp. (NYSE:KSS) traded down 2.33% on Thursday, hitting $44.90. 923,119 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $43.90 and its 200 day moving average price is $41.21. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $52.06. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 14.58 and a beta of 0.98.

Kohl’s Corp. (NYSE:KSS) last issued its 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. Kohl’s Corp. had a net margin of 3.02% and a return on equity of 13.39%. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts expect that Kohl’s Corp. will post $3.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders 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 4.35%. Kohl’s Corp.’s dividend payout ratio is presently 65.15%.

A number of research analysts have commented on the stock. Argus reiterated a “hold” rating on shares of Kohl’s Corp. in a research note on Monday, August 15th. RBC Capital Markets reiterated an “underperform” rating and set a $44.00 price objective (up from $37.00) on shares of Kohl’s Corp. in a research note on Saturday, August 13th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Kohl’s Corp. in a research note on Saturday, August 13th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $35.00 price objective on shares of Kohl’s Corp. in a research note on Monday, August 15th. Finally, TheStreet upgraded shares of Kohl’s Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 19th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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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