Trade Report: The North Star Asset Management Inc. Acquires Shares of 21,861 Kohl’s Corp. (KSS)

The North Star Asset Management Inc. Acquires Shares of 21,861 Kohl’s Corp. (KSS)

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.

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