North Star Asset Management Inc. acquired a new stake in shares of Kohl’s Corp. (NYSE:KSS) during the second quarter, Holdings Channel reports. The fund acquired 21,861 shares of the company’s stock, valued at approximately $830,000.
A number of other institutional investors have also recently made changes to their positions in KSS. Legal & General Group Plc boosted its position in Kohl’s Corp. by 3.2% in the first quarter. Legal & General Group Plc now owns 913,000 shares of the company’s stock worth $42,543,000 after buying an additional 28,113 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Kohl’s Corp. during the first quarter worth $47,865,000. PGGM Investments boosted its position in Kohl’s Corp. by 29.8% in the second quarter. PGGM Investments now owns 906,775 shares of the company’s stock worth $34,385,000 after buying an additional 207,964 shares during the period. AXA bought a new position in Kohl’s Corp. during the first quarter worth $166,000. Finally, Zurich Insurance Group Ltd FI bought a new position in Kohl’s Corp. during the first quarter worth $1,109,000. 97.73% of the stock is currently owned by institutional investors.
Shares of Kohl’s Corp. (NYSE:KSS) traded down 1.03% during mid-day trading on Monday, reaching $43.23. 1,294,228 shares of the company’s stock traded hands. The company has a market capitalization of $7.76 billion, a P/E ratio of 14.04 and a beta of 0.98. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $52.06. The firm has a 50-day moving average price of $43.88 and a 200-day moving average price of $41.22.
Kohl’s Corp. (NYSE:KSS) last posted its earnings results on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ 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 earned $4.18 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company earned $1.07 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Kohl’s Corp. will post $3.89 earnings per share for the current fiscal year.
The business also recently announced 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 annualized dividend and a yield of 4.58%. Kohl’s Corp.’s dividend payout ratio (DPR) is currently 65.15%.
KSS has been the topic of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of Kohl’s Corp. in a research note on Monday, September 12th. Bank of America Corp. reaffirmed a “buy” rating and set a $50.00 price target on shares of Kohl’s Corp. in a research note on Thursday, September 29th. Robert W. Baird reaffirmed an “outperform” rating on shares of Kohl’s Corp. in a research note on Tuesday, June 28th. Vetr cut 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 note on Friday, August 12th. Finally, Guggenheim started coverage on shares of Kohl’s Corp. in a research note on Friday, September 30th. They set a “buy” rating and a $50.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price 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.