Corient Capital Partners LLC raised its position in Kohl’s Co. (NYSE:KSS) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,848 shares of the company’s stock after purchasing an additional 2,177 shares during the period. Corient Capital Partners LLC’s holdings in Kohl’s were worth $1,372,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of KSS. JPMorgan Chase & Co. increased its stake in Kohl’s by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 7,977,774 shares of the company’s stock valued at $373,520,000 after purchasing an additional 949,985 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Kohl’s during the second quarter worth $39,387,000. USS Investment Management Ltd bought a new stake in shares of Kohl’s during the second quarter worth $18,694,000. Delek Group Ltd. bought a new stake in shares of Kohl’s during the first quarter worth $15,344,000. Finally, Geode Capital Management LLC increased its position in shares of Kohl’s by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 2,939,284 shares of the company’s stock worth $194,900,000 after acquiring an additional 177,898 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.
KSS stock traded up $0.66 during trading hours on Friday, reaching $53.02. The stock had a trading volume of 85,596 shares, compared to its average volume of 5,029,455. The stock has a market capitalization of $8.13 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.65 and a quick ratio of 0.36. The stock has a 50-day simple moving average of $48.58 and a 200 day simple moving average of $57.37. Kohl’s Co. has a fifty-two week low of $43.33 and a fifty-two week high of $83.28.
Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 earnings per share. On average, sell-side analysts forecast that Kohl’s Co. will post 5.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Tuesday, September 10th. Kohl’s’s dividend payout ratio is presently 47.86%.
Several equities research analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $60.00 price objective (down previously from $70.00) on shares of Kohl’s in a research report on Wednesday, August 21st. Cowen set a $58.00 target price on shares of Kohl’s and gave the company a “buy” rating in a research report on Monday, August 26th. UBS Group decreased their target price on shares of Kohl’s from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. JPMorgan Chase & Co. downgraded shares of Kohl’s from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 21st. Finally, Zacks Investment Research downgraded shares of Kohl’s from a “hold” rating to a “sell” rating and set a $50.00 target price for the company. in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $60.06.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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