Kohl’s Corporation (KSS) Stake Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in Kohl’s Corporation (NYSE:KSS) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,131 shares of the company’s stock after purchasing an additional 925 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kohl’s Corporation were worth $392,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KSS. Nationwide Fund Advisors boosted its position in shares of Kohl’s Corporation by 2.6% in the 1st quarter. Nationwide Fund Advisors now owns 50,296 shares of the company’s stock worth $2,002,000 after purchasing an additional 1,282 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Kohl’s Corporation by 30.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,362 shares of the company’s stock worth $293,000 after purchasing an additional 1,701 shares in the last quarter. Boston Partners acquired a new stake in shares of Kohl’s Corporation in the 1st quarter worth $442,000. US Bancorp DE boosted its position in shares of Kohl’s Corporation by 3.3% in the 1st quarter. US Bancorp DE now owns 47,867 shares of the company’s stock worth $1,905,000 after purchasing an additional 1,538 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of Kohl’s Corporation by 8.0% in the 1st quarter. World Asset Management Inc now owns 22,205 shares of the company’s stock worth $884,000 after purchasing an additional 1,652 shares in the last quarter.

A number of research firms have recently weighed in on KSS. UBS AG reissued a “neutral” rating and issued a $38.00 price objective on shares of Kohl’s Corporation in a research report on Monday, August 14th. Credit Suisse Group raised their price objective on Kohl’s Corporation from $39.00 to $44.00 and gave the stock an “underperform” rating in a research report on Monday, August 14th. ValuEngine cut Kohl’s Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets set a $43.00 price objective on Kohl’s Corporation and gave the stock a “hold” rating in a research report on Friday, August 11th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $43.00 price objective on shares of Kohl’s Corporation in a research report on Thursday, September 7th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.68.

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Kohl’s Corporation (NYSE:KSS) opened at 45.13 on Friday. The stock has a 50 day moving average price of $40.61 and a 200 day moving average price of $39.25. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. 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 announced its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts expect that Kohl’s Corporation will post $3.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 4.87%. Kohl’s Corporation’s dividend payout ratio (DPR) is 56.41%.

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.

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

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