Kohl’s Corporation (KSS) Shares Bought by Norinchukin Bank The
Norinchukin Bank The grew its stake in Kohl’s Corporation (NYSE:KSS) by 12.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,038 shares of the company’s stock after purchasing an additional 6,899 shares during the quarter. Norinchukin Bank The’s holdings in Kohl’s Corporation were worth $2,878,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ffcm LLC raised its position in shares of Kohl’s Corporation by 179.3% in the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after purchasing an additional 1,947 shares during the period. Johnson Financial Group Inc. increased its holdings in Kohl’s Corporation by 0.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after buying an additional 10 shares during the period. Penserra Capital Management LLC bought a new position in Kohl’s Corporation in the 2nd quarter valued at about $146,000. Raymond James Trust N.A. bought a new position in Kohl’s Corporation in the 3rd quarter valued at about $200,000. Finally, Keybank National Association OH bought a new position in Kohl’s Corporation in the 3rd quarter valued at about $207,000.
Shares of Kohl’s Corporation (NYSE:KSS) traded up $0.82 during mid-day trading on Friday, reaching $45.45. 928,430 shares of the company’s stock were exchanged, compared to its average volume of 4,474,302. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88. The company has a market cap of $7,523.72, a price-to-earnings ratio of 11.84, a PEG ratio of 1.79 and a beta of 1.22. Kohl’s Corporation has a fifty-two week low of $35.16 and a fifty-two week high of $59.67.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Kohl’s Corporation had a return on equity of 12.72% and a net margin of 3.47%. Kohl’s Corporation’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. research analysts anticipate that Kohl’s Corporation will post 3.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Tuesday, December 5th. Kohl’s Corporation’s dividend payout ratio is 58.36%.
In other news, Director Jonas Prising acquired 4,725 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $42.35 per share, with a total value of $200,103.75. Following the acquisition, the director now directly owns 8,661 shares of the company’s stock, valued at $366,793.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.
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A number of research firms have recently weighed in on KSS. Jefferies Group LLC restated a “buy” rating and issued a $50.00 price target on shares of Kohl’s Corporation in a research note on Wednesday, September 27th. Cowen Inc reiterated a “market perform” rating and issued a $47.00 price objective (up previously from $42.00) on shares of Kohl’s Corporation in a research note on Thursday, September 21st. Citigroup Inc. lifted their price objective on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. ValuEngine upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Telsey Advisory Group upgraded shares of Kohl’s Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $50.00 in a research note on Monday, October 9th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.74.
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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