Today, JPMorgan Chase & Co. Raises its position in Kohl’s Corp. (KSS) as a favorable investment target.

Today, JPMorgan Chase & Co. Raises its position in Kohl’s Corp. (KSS) as a favorable investment target.

JPMorgan Chase & Co. increased its stake in shares of Kohl’s Corp. (NYSE:KSS) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,339,510 shares of the company’s stock after buying an additional 129,429 shares during the period. JPMorgan Chase & Co. owned about 6.87% of Kohl’s Corp. worth $539,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cedar Wealth Management LLC boosted its position in Kohl’s Corp. by 66.5% in the second quarter. Cedar Wealth Management LLC now owns 3,429 shares of the company’s stock valued at $130,000 after buying an additional 1,370 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Kohl’s Corp. by 6.8% in the second quarter. Pacer Advisors Inc. now owns 3,435 shares of the company’s stock worth $130,000 after buying an additional 218 shares in the last quarter. AXA acquired a new stake in shares of Kohl’s Corp. during the first quarter worth approximately $166,000. Global X Management Co. LLC boosted its stake in shares of Kohl’s Corp. by 112.0% in the second quarter. Global X Management Co. LLC now owns 3,724 shares of the company’s stock worth $141,000 after buying an additional 1,967 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of Kohl’s Corp. during the third quarter worth approximately $205,000. 96.43% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Corp. (NYSE:KSS) opened at 55.53 on Friday. The company has a 50-day moving average of $46.94 and a 200 day moving average of $41.79. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $57.27. The stock has a market cap of $9.83 billion, a P/E ratio of 16.90 and a beta of 1.00.

Kohl’s Corp. (NYSE:KSS) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.10. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kohl’s Corp. had a net margin of 3.17% and a return on equity of 13.59%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. Analysts predict that Kohl’s Corp. will post $3.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Kohl’s Corp.’s payout ratio is 61.16%.

A number of analysts have commented on the stock. Buckingham Research cut shares of Kohl’s Corp. from a “buy” rating to a “neutral” rating and set a $56.00 target price for the company. in a report on Tuesday, November 15th. BMO Capital Markets reaffirmed a “market perform” rating and set a $51.00 target price on shares of Kohl’s Corp. in a report on Sunday, November 13th. Citigroup Inc. raised shares of Kohl’s Corp. from a “neutral” rating to a “buy” rating in a report on Monday, November 14th. Telsey Advisory Group upped their target price on shares of Kohl’s Corp. from $51.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 11th. Finally, Zacks Investment Research raised shares of Kohl’s Corp. from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Kohl’s Corp. presently has a consensus rating of “Hold” and a consensus target price of $48.80.

In other news, CFO Wesley S. Mcdonald sold 27,376 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $52.41, for a total transaction of $1,434,776.16. Following the transaction, the chief financial officer now owns 93,908 shares of the company’s stock, valued at approximately $4,921,718.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Wesley S. Mcdonald sold 71,582 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $55.45, for a total transaction of $3,969,221.90. Following the transaction, the chief financial officer now directly owns 108,788 shares in the company, valued at approximately $6,032,294.60. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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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