Kohl’s Corporation (NYSE:KSS) Stake Held by Kernodle & Katon Asset Management Group LLC

Kernodle & Katon Asset Management Group LLC held its position in Kohl’s Corporation (NYSE:KSS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,847 shares of the company’s stock at the end of the first quarter. Kernodle & Katon Asset Management Group LLC’s holdings in Kohl’s Corporation were worth $193,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Cumberland Partners Ltd acquired a new position in Kohl’s Corporation during the first quarter valued at approximately $6,071,000. GLG LLC boosted its position in Kohl’s Corporation by 6.8% in the fourth quarter. GLG LLC now owns 11,463 shares of the company’s stock valued at $566,000 after buying an additional 728 shares during the period. Gulf International Bank UK Ltd boosted its position in Kohl’s Corporation by 5.4% in the first quarter. Gulf International Bank UK Ltd now owns 60,062 shares of the company’s stock valued at $2,391,000 after buying an additional 3,100 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Kohl’s Corporation by 30.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,814 shares of the company’s stock valued at $749,000 after buying an additional 4,346 shares during the period. Finally, BlackRock Inc. boosted its position 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 buying an additional 17,714,714 shares during the period.

Kohl’s Corporation (KSS) opened at 39.71 on Wednesday. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67. The company’s 50-day moving average price is $37.83 and its 200-day moving average price is $39.48. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 11.50 and a beta of 1.15.

Kohl’s Corporation (NYSE:KSS) last released its earnings results on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.91 billion. Kohl’s Corporation had a return on equity of 13.29% and a net margin of 3.25%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. Equities analysts expect that Kohl’s Corporation will post $3.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were given a dividend of $0.55 per share. The ex-dividend date was Monday, June 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.54%. Kohl’s Corporation’s payout ratio is currently 64.14%.

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Several equities analysts have recently commented on KSS shares. Zacks Investment Research upgraded 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. Gordon Haskett assumed coverage on Kohl’s Corporation in a research note on Tuesday, May 9th. They set a “reduce” rating and a $35.00 target price for the company. Vetr upgraded Kohl’s Corporation to a “strong-buy” rating in a research note on Wednesday, March 22nd. Citigroup Inc restated a “buy” rating and set a $44.00 price objective (down from $52.00) on shares of Kohl’s Corporation in a research note on Sunday, May 14th. Finally, BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Kohl’s Corporation in a research note on Monday, March 27th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Kohl’s Corporation presently has a consensus rating of “Hold” and a consensus target price of $42.60.

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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