Victory Capital Management Inc. Boosts Position in Kohl’s Corp. (KSS)
Victory Capital Management Inc. raised its stake in shares of Kohl’s Corp. (NYSE:KSS) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,387 shares of the company’s stock after buying an additional 7,009 shares during the period. Victory Capital Management Inc.’s holdings in Kohl’s Corp. were worth $1,531,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its stake in Kohl’s Corp. by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 25,985 shares of the company’s stock valued at $1,238,000 after buying an additional 100 shares in the last quarter. Norges Bank purchased a new stake in Kohl’s Corp. during the fourth quarter valued at about $89,959,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Kohl’s Corp. by 13.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,768 shares of the company’s stock valued at $2,133,000 after buying an additional 5,494 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in Kohl’s Corp. by 8.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 46,217 shares of the company’s stock valued at $2,154,000 after buying an additional 3,670 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Kohl’s Corp. by 13,075.2% in the first quarter. Acadian Asset Management LLC now owns 16,996 shares of the company’s stock valued at $792,000 after buying an additional 16,867 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.
Kohl’s Corp. (NYSE:KSS) traded up 0.32% during mid-day trading on Tuesday, reaching $43.84. The company’s stock had a trading volume of 2,043,813 shares. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $52.06. The firm’s 50 day moving average price is $43.01 and its 200 day moving average price is $41.61. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 14.23 and a beta of 0.81.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.19. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. On average, equities analysts predict that Kohl’s Corp. will post $3.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio (DPR) is currently 65.15%.
Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of Kohl’s Corp. to a “hold” rating in a report on Thursday, May 26th. Citigroup Inc. increased their target price on shares of Kohl’s Corp. from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Argus reissued a “hold” rating on shares of Kohl’s Corp. in a report on Friday, June 10th. Telsey Advisory Group increased their target price on shares of Kohl’s Corp. from $44.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. Finally, Vetr lowered shares of Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 target price for the company. in a report on Friday, August 12th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Kohl’s Corp. presently has a consensus rating of “Hold” and an average price target of $47.53.
Kohl’s Corp. Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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