Piedmont Investment Advisors LLC Trims Holdings in Kohl’s Corporation (KSS)

Piedmont Investment Advisors LLC lowered its position in Kohl’s Corporation (NYSE:KSS) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,202 shares of the company’s stock after selling 18,433 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Kohl’s Corporation were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KSS. BlackRock Inc. lifted its stake in Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock valued at $732,277,000 after buying an additional 17,714,714 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Kohl’s Corporation by 28,709.6% in the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock valued at $64,493,000 after buying an additional 1,661,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kohl’s Corporation by 48.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,809,881 shares of the company’s stock valued at $191,493,000 after buying an additional 1,567,414 shares during the last quarter. Morgan Stanley lifted its stake in Kohl’s Corporation by 45.1% in the first quarter. Morgan Stanley now owns 4,703,551 shares of the company’s stock valued at $187,248,000 after buying an additional 1,461,596 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Kohl’s Corporation by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after buying an additional 1,396,006 shares during the last quarter.

KSS has been the subject of a number of research reports. BidaskClub upgraded Kohl’s Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. 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 research note on Monday, July 17th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the company a “sell” rating in a research note on Tuesday, August 29th. TheStreet upgraded Kohl’s Corporation from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. Finally, Citigroup Inc. boosted their price objective on Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.90.

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Shares of Kohl’s Corporation (NYSE KSS) traded up 0.55% on Monday, reaching $42.37. The company had a trading volume of 653,711 shares. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.84 and a beta of 1.19. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67. The stock has a 50 day moving average price of $43.45 and a 200-day moving average price of $39.95.

Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Analysts forecast that Kohl’s Corporation will post $3.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were given a dividend of $0.55 per share. This r

A number of other hedge funds and other institutional investors have also recently modified their holdings of KSS. BlackRock Inc. lifted its stake in Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock valued at $732,277,000 after buying an additional 17,714,714 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Kohl’s Corporation by 28,709.6% in the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock valued at $64,493,000 after buying an additional 1,661,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kohl’s Corporation by 48.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,809,881 shares of the company’s stock valued at $191,493,000 after buying an additional 1,567,414 shares during the last quarter. Morgan Stanley lifted its stake in Kohl’s Corporation by 45.1% in the first quarter. Morgan Stanley now owns 4,703,551 shares of the company’s stock valued at $187,248,000 after buying an additional 1,461,596 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Kohl’s Corporation by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after buying an additional 1,396,006 shares during the last quarter.

KSS has been the subject of a number of research reports. BidaskClub upgraded Kohl’s Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. 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 research note on Monday, July 17th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the company a “sell” rating in a research note on Tuesday, August 29th. TheStreet upgraded Kohl’s Corporation from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. Finally, Citigroup Inc. boosted their price objective on Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.90.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/16/piedmont-investment-advisors-llc-trims-holdings-in-kohls-corporation-kss.html.

Shares of Kohl’s Corporation (NYSE KSS) traded up 0.55% on Monday, reaching $42.37. The company had a trading volume of 653,711 shares. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.84 and a beta of 1.19. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67. The stock has a 50 day moving average price of $43.45 and a 200-day moving average price of $39.95.

Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Analysts forecast that Kohl’s Corporation will post $3.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.22%. The ex-dividend date was Friday, September 1st. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.

About Kohl’s Corporation

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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Institutional Ownership by Quarter for Kohl`s Corporation (NYSE:KSS)

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