Northern Trust Corp Increases Holdings in Kohl’s Co. (NYSE:KSS)

Northern Trust Corp raised its holdings in shares of Kohl’s Co. (NYSE:KSS) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,157,256 shares of the company’s stock after acquiring an additional 6,724 shares during the quarter. Northern Trust Corp owned approximately 3.18% of Kohl’s worth $245,228,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. TRUE Private Wealth Advisors purchased a new stake in Kohl’s in the second quarter valued at $33,000. Thor Advisors LLC acquired a new stake in shares of Kohl’s in the 1st quarter valued at about $50,000. NEXT Financial Group Inc grew its stake in Kohl’s by 1,714.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,651 shares of the company’s stock worth $79,000 after buying an additional 1,560 shares during the last quarter. Employers Holdings Inc. purchased a new position in Kohl’s during the 2nd quarter worth approximately $92,000. Finally, Signaturefd LLC increased its position in Kohl’s by 45.0% during the second quarter. Signaturefd LLC now owns 2,049 shares of the company’s stock worth $97,000 after buying an additional 636 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Several equities research analysts have recently weighed in on KSS shares. Telsey Advisory Group decreased their price objective on Kohl’s from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, August 21st. Robert W. Baird lowered their target price on shares of Kohl’s from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd. Jefferies Financial Group cut their target price on shares of Kohl’s from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Zacks Investment Research downgraded shares of Kohl’s from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research report on Thursday, August 22nd. Finally, Credit Suisse Group decreased their price target on shares of Kohl’s from $57.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.06.

Shares of NYSE:KSS traded up $0.70 during trading on Wednesday, reaching $51.80. The company had a trading volume of 197,598 shares, compared to its average volume of 5,078,691. Kohl’s Co. has a fifty-two week low of $43.33 and a fifty-two week high of $83.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.65 and a quick ratio of 0.36. The stock’s fifty day moving average price is $48.55 and its 200 day moving average price is $57.43. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.25 billion. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the company earned $1.76 earnings per share. On average, equities analysts anticipate that Kohl’s Co. will post 5.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.17%. Kohl’s’s dividend payout ratio (DPR) is 47.86%.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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

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