Kohl’s Corporation (KSS) Holdings Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its position in Kohl’s Corporation (NYSE:KSS) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,350 shares of the company’s stock after selling 6,100 shares during the period. King Luther Capital Management Corp owned approximately 0.12% of Kohl’s Corporation worth $7,593,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of KSS. BlackRock Inc. increased its stake in Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock valued at $732,277,000 after purchasing an additional 17,714,714 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kohl’s Corporation by 48.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,809,881 shares of the company’s stock valued at $191,493,000 after purchasing an additional 1,567,414 shares in the last quarter. Morgan Stanley increased its stake in Kohl’s Corporation by 45.1% in the first quarter. Morgan Stanley now owns 4,703,551 shares of the company’s stock valued at $187,248,000 after purchasing an additional 1,461,596 shares in the last quarter. Vanguard Group Inc. increased its stake in Kohl’s Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock valued at $754,646,000 after purchasing an additional 1,254,285 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Kohl’s Corporation by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 10,728,519 shares of the company’s stock valued at $427,103,000 after purchasing an additional 1,043,218 shares in the last quarter.

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Shares of Kohl’s Corporation (NYSE KSS) opened at 45.13 on Friday. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67. The firm has a 50-day moving average of $40.61 and a 200-day moving average of $39.25. The firm has a market cap of $7.58 billion, a PE ratio of 11.55 and a beta of 1.15.

Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.05. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 EPS. On average, analysts expect 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, September 20th. Shareholders of record on Wednesday, September 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 4.87%. The ex-dividend date is Friday, September 1st. Kohl’s Corporation’s dividend payout ratio is 56.41%.

KSS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, July 11th. Royal Bank Of Canada set a $39.00 target price on shares of Kohl’s Corporation and gave the company a “sell” rating in a research note on Tuesday, August 29th. BidaskClub downgraded shares of Kohl’s Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, August 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Kohl’s Corporation in a research note on Sunday, July 30th. Finally, OTR Global reaffirmed a “sell” rating on shares of Kohl’s Corporation in a research note on Tuesday, August 8th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.68.

Kohl’s Corporation 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.

Institutional Ownership by Quarter for Kohl`s Corporation (NYSE:KSS)

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