Canandaigua National Bank & Trust Co. Reduces Position in Kohl’s Corp. (KSS)
Canandaigua National Bank & Trust Co. cut its position in shares of Kohl’s Corp. (NYSE:KSS) by 14.7% during the second quarter, Holdings Channel reports. The institutional investor owned 6,556 shares of the company’s stock after selling 1,134 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Kohl’s Corp. were worth $249,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Kohl’s Corp. during the fourth quarter worth $89,959,000. Bank of Montreal Can purchased a new position in shares of Kohl’s Corp. during the second quarter worth $58,707,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Kohl’s Corp. during the first quarter worth $53,388,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Kohl’s Corp. during the first quarter worth $47,865,000. Finally, Legal & General Group Plc boosted its position in shares of Kohl’s Corp. by 3.2% in the first quarter. Legal & General Group Plc now owns 913,000 shares of the company’s stock worth $42,543,000 after buying an additional 28,113 shares in the last quarter. 97.75% of the stock is owned by institutional investors and hedge funds.
Kohl’s Corp. (NYSE:KSS) traded down 1.87% during mid-day trading on Thursday, reaching $43.51. 3,963,413 shares of the company’s stock were exchanged. The company has a 50-day moving average of $43.41 and a 200-day moving average of $41.62. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 14.13 and a beta of 0.81. Kohl’s Corp. has a 52-week low of $33.87 and a 52-week high of $52.06.
Kohl’s Corp. (NYSE:KSS) last released its quarterly earnings data on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.19. Kohl’s Corp. had a net margin of 3.02% and a return on equity of 13.39%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Kohl’s Corp. will post $3.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio (DPR) is 65.15%.
A number of brokerages have recently weighed in on KSS. Argus reissued a “hold” rating on shares of Kohl’s Corp. in a research report on Monday, August 15th. Deutsche Bank AG lifted their price target on shares of Kohl’s Corp. from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, August 12th. Jefferies Group reissued a “buy” rating and set a $47.00 price target on shares of Kohl’s Corp. in a research report on Thursday, August 11th. Telsey Advisory Group raised their price objective on shares of Kohl’s Corp. from $44.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. Finally, Royal Bank Of Canada raised their price objective on shares of Kohl’s Corp. from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, August 12th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.53.
About Kohl’s Corp.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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