Kohl’s Corporation (KSS) Shares Bought by Flippin Bruce & Porter Inc.

Flippin Bruce & Porter Inc. grew its position in Kohl’s Corporation (NYSE:KSS) by 22.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,836 shares of the company’s stock after acquiring an additional 42,565 shares during the quarter. Kohl’s Corporation accounts for 2.4% of Flippin Bruce & Porter Inc.’s portfolio, making the stock its 6th biggest holding. Flippin Bruce & Porter Inc. owned approximately 0.14% of Kohl’s Corporation worth $10,720,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KSS. Balyasny Asset Management LLC increased its stake in Kohl’s Corporation by 28,709.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock worth $64,493,000 after acquiring an additional 1,661,997 shares during the last quarter. Northern Trust Corp increased its position in shares of Kohl’s Corporation by 34.9% during the 2nd quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after purchasing an additional 1,396,006 shares during the last quarter. Royal Bank of Canada increased its position in shares of Kohl’s Corporation by 220.4% during the 2nd quarter. Royal Bank of Canada now owns 460,527 shares of the company’s stock valued at $17,810,000 after purchasing an additional 843,101 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Kohl’s Corporation by 115.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,220,851 shares of the company’s stock valued at $47,210,000 after purchasing an additional 653,659 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Kohl’s Corporation by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock valued at $211,022,000 after purchasing an additional 647,469 shares during the last quarter.

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Several equities analysts have recently weighed in on KSS shares. Royal Bank Of Canada set a $39.00 target price on Kohl’s Corporation and gave the company a “sell” rating in a research report on Tuesday, August 29th. BidaskClub downgraded Kohl’s Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of Kohl’s Corporation in a research report on Sunday, July 30th. OTR Global reissued a “sell” rating on shares of Kohl’s Corporation in a research report on Tuesday, August 8th. Finally, Telsey Advisory Group raised Kohl’s Corporation from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $50.00 in a research report on Monday, October 9th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.40.

Shares of Kohl’s Corporation (NYSE KSS) traded down $1.86 during mid-day trading on Tuesday, hitting $41.18. The company’s stock had a trading volume of 4,955,500 shares, compared to its average volume of 4,514,929. Kohl’s Corporation has a twelve month low of $35.16 and a twelve month high of $59.67. The stock has a market cap of $7,255.68, a PE ratio of 11.42, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88.

Kohl’s Corporation (NYSE:KSS) last issued its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). Kohl’s Corporation had a return on equity of 12.72% and a net margin of 3.47%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Kohl’s Corporation’s quarterly revenue was up .1% compared to the same quarter last year. analysts forecast that Kohl’s Corporation will post 3.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Tuesday, December 5th. Kohl’s Corporation’s dividend payout ratio is 58.36%.

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.

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

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