Oppenheimer & Co. Inc. purchased a new position in Kohl’s Corporation (NYSE:KSS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,105 shares of the company’s stock, valued at approximately $275,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Kohl’s Corporation in the second quarter worth approximately $1,027,000. Swiss National Bank grew its stake in Kohl’s Corporation by 1.2% in the second quarter. Swiss National Bank now owns 643,683 shares of the company’s stock worth $24,891,000 after purchasing an additional 7,400 shares in the last quarter. Pacad Investment Ltd. bought a new position in Kohl’s Corporation in the second quarter worth approximately $1,036,000. Commerce Bank grew its stake in Kohl’s Corporation by 2.5% in the second quarter. Commerce Bank now owns 42,480 shares of the company’s stock worth $1,643,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Aristotle Fund L.P. bought a new position in Kohl’s Corporation in the second quarter worth approximately $5,120,000.
Shares of Kohl’s Corporation (KSS) opened at 44.89 on Tuesday. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 11.49 and a beta of 1.15. The stock’s 50 day moving average price is $40.72 and its 200 day moving average price is $39.22.
Kohl’s Corporation (NYSE:KSS) last issued its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Analysts forecast that Kohl’s Corporation will post $3.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.90%. Kohl’s Corporation’s payout ratio is currently 56.41%.
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Several research analysts recently issued reports on the company. BMO Capital Markets set a $43.00 price objective on Kohl’s Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Kohl’s Corporation in a research note on Friday, August 11th. BidaskClub raised Kohl’s Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on Kohl’s Corporation from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, Instinet reissued a “buy” rating and issued a $51.00 price objective (up previously from $41.00) on shares of Kohl’s Corporation in a research note on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.68.
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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