Midas Management Corp Holds Position in Kohl’s Corp. (KSS)
Midas Management Corp maintained its position in Kohl’s Corp. (NYSE:KSS) during the second quarter, Holdings Channel reports. The firm owned 28,600 shares of the company’s stock at the end of the second quarter. Midas Management Corp’s holdings in Kohl’s Corp. were worth $1,085,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AXA purchased a new stake in shares of Kohl’s Corp. during the first quarter worth about $166,000. ING Groep NV boosted its stake in shares of Kohl’s Corp. by 49.5% in the second quarter. ING Groep NV now owns 6,459 shares of the company’s stock worth $245,000 after buying an additional 2,140 shares during the period. Conning Inc. boosted its stake in shares of Kohl’s Corp. by 1.6% in the second quarter. Conning Inc. now owns 6,510 shares of the company’s stock worth $247,000 after buying an additional 100 shares during the period. Chase Investment Counsel Corp purchased a new stake in shares of Kohl’s Corp. during the second quarter worth about $269,000. Finally, Princeton Portfolio Strategies Group LLC boosted its stake in shares of Kohl’s Corp. by 13.6% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 6,250 shares of the company’s stock worth $291,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.
Shares of Kohl’s Corp. (NYSE:KSS) traded down 1.05% during midday trading on Monday, hitting $43.22. The stock had a trading volume of 2,848,153 shares. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 14.03 and a beta of 0.98. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $52.06. The company’s 50-day moving average price is $43.84 and its 200-day moving average price is $41.12.
Kohl’s Corp. (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Kohl’s Corp.’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Kohl’s Corp. will post $3.89 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders 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 4.63%. The ex-dividend date was Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 65.15%.
KSS has been the subject of a number of research analyst reports. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $33.00 target price on shares of Kohl’s Corp. in a research report on Monday, August 1st. TheStreet raised Kohl’s Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Robert W. Baird reaffirmed an “outperform” rating on shares of Kohl’s Corp. in a research report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating on shares of Kohl’s Corp. in a research report on Monday, September 12th. Finally, Guggenheim initiated coverage on Kohl’s Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $50.00 price objective for the company. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.88.
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.
Want to see what other hedge funds are holding KSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kohl’s Corp. (NYSE:KSS).
Receive News & Ratings for Kohl's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.