Today: KBC Group NV Buys 59,652 Shares of Kohl’s Corp. (KSS)

Today: KBC Group NV Buys 59,652 Shares of Kohl’s Corp. (KSS)

KBC Group NV increased its position in Kohl’s Corp. (NYSE:KSS) by 36.3% during the third quarter, Holdings Channel reports. The firm owned 224,094 shares of the company’s stock after buying an additional 59,652 shares during the period. KBC Group NV’s holdings in Kohl’s Corp. were worth $9,804,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in 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 during the period. Cedar Wealth Management LLC boosted its stake 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 worth $130,000 after buying an additional 1,370 shares during the period. Global X Management Co. LLC boosted its stake in 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 during the period. Tower Research Capital LLC TRC bought a new stake in Kohl’s Corp. during the second quarter worth approximately $184,000. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in 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 worth $204,000 after buying an additional 83 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Shares of Kohl’s Corp. (NYSE:KSS) traded down 1.39% during trading on Monday, hitting $54.05. 3,462,189 shares of the stock traded hands. The stock has a market cap of $9.57 billion, a PE ratio of 16.45 and a beta of 1.00. The firm’s 50-day moving average price is $47.30 and its 200-day moving average price is $41.88. Kohl’s Corp. has a 12 month low of $33.87 and a 12 month high of $57.27.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.65%. Kohl’s Corp.’s dividend payout ratio is currently 61.16%.

A number of equities research analysts recently commented on KSS shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Kohl’s Corp. in a report on Saturday, August 13th. Jefferies Group reissued a “buy” rating and set a $47.00 target price on shares of Kohl’s Corp. in a report on Thursday, August 11th. TheStreet raised shares of Kohl’s Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 19th. Bank of America Corp. reissued a “buy” rating and set a $50.00 target price on shares of Kohl’s Corp. in a report on Thursday, September 29th. Finally, Guggenheim assumed coverage on shares of Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 target price on the stock. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Kohl’s Corp. presently has a consensus rating of “Hold” and an average price target of $48.80.

In other Kohl’s Corp. news, CFO Wesley S. Mcdonald sold 71,582 shares of Kohl’s Corp. stock in a transaction on Monday, November 14th. The shares were sold at an average price of $55.45, for a total value of $3,969,221.90. Following the completion of the transaction, the chief financial officer now directly owns 108,788 shares of the company’s stock, valued at approximately $6,032,294.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wesley S. Mcdonald sold 27,376 shares of Kohl’s Corp. stock in a transaction on Friday, November 11th. The stock was sold at an average price of $52.41, for a total transaction of $1,434,776.16. Following the completion of the transaction, the chief financial officer now directly owns 93,908 shares of the company’s stock, valued at $4,921,718.28. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

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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