TLP Group LLC decreased its stake in Kohl’s Corporation (NYSE:KSS) by 33.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,712 shares of the company’s stock after selling 3,964 shares during the quarter. TLP Group LLC’s holdings in Kohl’s Corporation were worth $298,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Kohl’s Corporation by 10.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,117,215 shares of the company’s stock worth $159,213,000 after purchasing an additional 377,438 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Kohl’s Corporation by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after purchasing an additional 186,046 shares during the period. BlackRock Inc. boosted its holdings in shares of Kohl’s Corporation by 2,606.7% in the 1st quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after purchasing an additional 17,714,714 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Kohl’s Corporation by 30.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,814 shares of the company’s stock worth $749,000 after purchasing an additional 4,346 shares during the period. Finally, Atria Investments LLC purchased a new position in shares of Kohl’s Corporation in the 2nd quarter worth approximately $227,000.
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Kohl’s Corporation (NYSE:KSS) traded up 2.51% on Friday, hitting $46.07. The stock had a trading volume of 3,784,632 shares. The firm’s 50-day moving average is $40.83 and its 200-day moving average is $39.25. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The company has a market cap of $7.77 billion, a P/E ratio of 11.79 and a beta of 1.15.
Kohl’s Corporation (NYSE:KSS) last released its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.05. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. Kohl’s Corporation’s revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.22 earnings per share. Equities research analysts anticipate that Kohl’s Corporation will post $3.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a yield of 4.78%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.
KSS has been the subject of a number of recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of Kohl’s Corporation in a report on Wednesday, June 21st. Credit Suisse Group boosted their price objective on Kohl’s Corporation from $39.00 to $44.00 and gave the company an “underperform” rating in a report on Monday, August 14th. BidaskClub cut Kohl’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Vetr cut Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price objective for the company. in a report on Monday, July 17th. Finally, Cowen and Company restated a “market perform” rating and set a $42.00 price objective (down previously from $43.00) on shares of Kohl’s Corporation in a report on Friday, August 11th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.23.
Kohl’s Corporation Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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