Investors Buy Kohl’s Corporation (KSS) on Weakness
Traders purchased shares of Kohl’s Corporation (NYSE:KSS) on weakness during trading on Monday. $47.06 million flowed into the stock on the tick-up and $34.57 million flowed out of the stock on the tick-down, for a money net flow of $12.49 million into the stock. Of all companies tracked, Kohl’s Corporation had the 27th highest net in-flow for the day. Kohl’s Corporation traded down ($1.03) for the day and closed at $44.62
A number of equities analysts have weighed in on the stock. TheStreet upgraded shares of Kohl’s Corporation from a “c+” rating to a “b-” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Kohl’s Corporation in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, July 11th. Finally, Instinet reiterated a “buy” rating and issued a $51.00 price target (up previously from $41.00) on shares of Kohl’s Corporation in a research note on Thursday, August 10th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.55.
The company has a 50-day moving average price of $40.83 and a 200-day moving average price of $39.25. The company has a market cap of $7.52 billion, a PE ratio of 11.42 and a beta of 1.19.
Kohl’s Corporation (NYSE:KSS) last issued its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts predict that Kohl’s Corporation will post $3.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.55 dividend. The ex-dividend date was Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.93%. Kohl’s Corporation’s dividend payout ratio is presently 56.41%.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Kohl’s Corporation by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock valued at $754,646,000 after buying an additional 1,254,285 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after acquiring an additional 17,714,714 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kohl’s Corporation by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after acquiring an additional 186,046 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kohl’s Corporation by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock worth $211,022,000 after acquiring an additional 647,469 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Kohl’s Corporation by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after acquiring an additional 1,396,006 shares during the last quarter.
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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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