Cambridge Investment Research Advisors Inc. lifted its stake in shares of Kohl’s Co. (NYSE:KSS) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,538 shares of the company’s stock after purchasing an additional 313 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Kohl’s were worth $2,344,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Clear Street Markets LLC raised its holdings in shares of Kohl’s by 51.7% in the 2nd quarter. Clear Street Markets LLC now owns 22,000 shares of the company’s stock worth $1,212,000 after acquiring an additional 7,500 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Kohl’s in the 2nd quarter worth about $305,000. Hanseatic Management Services Inc. raised its holdings in shares of Kohl’s by 3.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 10,729 shares of the company’s stock worth $591,000 after acquiring an additional 384 shares during the last quarter. Summit X LLC raised its holdings in shares of Kohl’s by 0.9% in the 2nd quarter. Summit X LLC now owns 32,601 shares of the company’s stock worth $1,793,000 after acquiring an additional 280 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Kohl’s by 30.1% in the 1st quarter. Profund Advisors LLC now owns 11,068 shares of the company’s stock worth $660,000 after acquiring an additional 2,561 shares during the last quarter. 85.16% of the stock is currently owned by institutional investors.
KSS has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of Kohl’s from $47.00 to $48.00 and gave the stock an “underweight” rating in a report on Tuesday, August 24th. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Tuesday, July 27th. Telsey Advisory Group upped their target price on shares of Kohl’s from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, August 16th. Credit Suisse Group increased their price objective on shares of Kohl’s from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, August 20th. Finally, Cowen reiterated a “buy” rating and issued a $67.00 price objective on shares of Kohl’s in a research note on Friday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $54.24.
Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Wednesday, August 18th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $1.22. Kohl’s had a net margin of 3.94% and a return on equity of 17.58%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the business posted ($0.25) EPS. Kohl’s’s quarterly revenue was up 30.5% compared to the same quarter last year. As a group, equities analysts expect that Kohl’s Co. will post 6.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Kohl’s’s payout ratio is currently -82.64%.
Kohl’s Company Profile
Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.
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