Wealthfront Inc. Buys New Holdings in Kohl’s Corporation (KSS)
Wealthfront Inc. bought a new stake in shares of Kohl’s Corporation (NYSE:KSS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,691 shares of the company’s stock, valued at approximately $645,000.
Other hedge funds also recently bought and sold shares of the company. Ffcm LLC grew its holdings in shares of Kohl’s Corporation by 179.3% during the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after purchasing an additional 1,947 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Kohl’s Corporation by 0.3% during the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock worth $128,000 after purchasing an additional 10 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Kohl’s Corporation by 68.6% during the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock worth $129,000 after purchasing an additional 1,352 shares in the last quarter. Exane Derivatives grew its holdings in shares of Kohl’s Corporation by 209.8% during the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock worth $143,000 after purchasing an additional 2,497 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Kohl’s Corporation during the second quarter worth about $146,000.
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Shares of Kohl’s Corporation (NYSE:KSS) traded up 0.36% during mid-day trading on Friday, reaching $45.10. The company’s stock had a trading volume of 499,896 shares. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The company has a market cap of $7.60 billion, a PE ratio of 11.54 and a beta of 1.15. The company has a 50-day moving average price of $40.83 and a 200 day moving average price of $39.25.
Kohl’s Corporation (NYSE:KSS) last announced its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.05. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. Equities analysts expect that Kohl’s Corporation will post $3.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, September 1st. Kohl’s Corporation’s dividend payout ratio (DPR) is 56.41%.
Several research analysts have recently commented on the company. Cowen and Company reissued a “market perform” rating and set a $47.00 price objective (up previously from $42.00) on shares of Kohl’s Corporation in a report on Thursday. BMO Capital Markets set a $43.00 price objective on Kohl’s Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Kohl’s Corporation in a report on Friday, August 11th. Citigroup Inc. boosted their price objective on Kohl’s Corporation from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday. Finally, BidaskClub raised Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.23.
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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