Palo Capital Inc. maintained its stake in shares of Kohl’s Corporation (NYSE:KSS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the company’s stock at the end of the second quarter. Palo Capital Inc.’s holdings in Kohl’s Corporation were worth $309,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co raised its stake in shares of Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after buying an additional 1,352 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock worth $132,000 after buying an additional 778 shares during the period. Breton Hill Capital Ltd. bought a new stake in Kohl’s Corporation during the first quarter worth about $203,000. Atria Investments LLC bought a new stake in Kohl’s Corporation during the second quarter worth about $227,000. Finally, Altfest L J & Co. Inc. raised its stake in Kohl’s Corporation by 1.2% in the first quarter. Altfest L J & Co. Inc. now owns 5,732 shares of the company’s stock worth $228,000 after buying an additional 66 shares during the period.
Kohl’s Corporation (KSS) traded down 2.18% during mid-day trading on Friday, reaching $38.64. The company had a trading volume of 7,102,837 shares. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 9.89 and a beta of 1.16. The company’s 50 day moving average is $39.64 and its 200 day moving average is $39.37.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Equities analysts predict that Kohl’s Corporation will post $3.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend is Friday, September 1st. Kohl’s Corporation’s dividend payout ratio (DPR) is currently 56.41%.
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A number of equities research analysts have recently issued reports on KSS shares. Citigroup Inc. reiterated a “buy” rating and issued a $44.00 target price (down previously from $52.00) on shares of Kohl’s Corporation in a research note on Sunday, May 14th. Vetr lowered Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 target price for the company. in a research note on Monday, May 15th. Jefferies Group LLC reduced their price target on Kohl’s Corporation from $54.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Zacks Investment Research raised Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, July 11th. Finally, BidaskClub raised Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company’s stock. Kohl’s Corporation presently has a consensus rating of “Hold” and an average target price of $42.98.
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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