Texas Permanent School Fund Has $1.85 Million Position in Kohl’s Corporation (NYSE:KSS)
Texas Permanent School Fund reduced its position in shares of Kohl’s Corporation (NYSE:KSS) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 47,901 shares of the company’s stock after selling 3,662 shares during the period. Texas Permanent School Fund’s holdings in Kohl’s Corporation were worth $1,852,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in KSS. 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 shares of Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock valued at $132,000 after buying an additional 778 shares in the last quarter. Exane Derivatives raised its stake in shares of Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares in the last quarter. Breton Hill Capital Ltd. bought a new stake in shares of Kohl’s Corporation during the first quarter valued at approximately $203,000. Finally, Atria Investments LLC bought a new stake in shares of Kohl’s Corporation during the second quarter valued at approximately $227,000.
Shares of Kohl’s Corporation (NYSE:KSS) opened at 38.64 on Friday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 9.89 and a beta of 1.16. The company has a 50-day moving average of $39.64 and a 200-day moving average of $39.37. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67.
Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings data 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. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. Equities analysts expect that Kohl’s Corporation will post $3.71 earnings per share for the current fiscal 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 issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.20 annualized dividend and a yield of 5.69%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.
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Several equities research analysts recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $43.00 price target (down from $45.00) on shares of Kohl’s Corporation in a research note on Monday, May 15th. UBS AG lowered their price objective on shares of Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, May 12th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price objective on shares of Kohl’s Corporation in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $37.00 price objective on shares of Kohl’s Corporation and gave the stock a “hold” rating in a research report on Thursday. Finally, BidaskClub downgraded shares of Kohl’s Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. Kohl’s Corporation presently has a consensus rating of “Hold” and an average price target 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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