Korea Investment CORP reduced its stake in shares of Kohl’s Corporation (NYSE:KSS) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 242,300 shares of the company’s stock after selling 8,700 shares during the period. Korea Investment CORP’s holdings in Kohl’s Corporation were worth $9,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised 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 in the last quarter. Ameriprise Financial Inc. raised its position in Kohl’s Corporation by 133.8% in the first quarter. Ameriprise Financial Inc. now owns 5,727,341 shares of the company’s stock valued at $228,005,000 after buying an additional 3,277,850 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Kohl’s Corporation by 48.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,809,881 shares of the company’s stock valued at $191,493,000 after buying an additional 1,567,414 shares in the last quarter. Morgan Stanley raised its position in Kohl’s Corporation by 45.1% in the first quarter. Morgan Stanley now owns 4,703,551 shares of the company’s stock valued at $187,248,000 after buying an additional 1,461,596 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Kohl’s Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock valued at $754,646,000 after buying an additional 1,254,285 shares in the last quarter.

Shares of Kohl’s Corporation (NYSE:KSS) opened at 42.82 on Wednesday. The company has a market capitalization of $7.30 billion, a P/E ratio of 12.40 and a beta of 1.16. 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 is $38.99 and its 200 day moving average is $39.35.

Kohl’s Corporation (NYSE:KSS) last issued its earnings results on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.91 billion. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. Analysts expect that Kohl’s Corporation will post $3.67 earnings per share for the current fiscal year.

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Several research analysts have weighed in on KSS shares. Vetr lowered shares of Kohl’s Corporation from a “strong-buy” rating to a “hold” rating and set a $37.51 price objective on the stock. in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, July 11th. Jefferies Group LLC dropped their price objective on shares of Kohl’s Corporation from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kohl’s Corporation in a research note on Monday, May 15th. Finally, BidaskClub upgraded shares of Kohl’s Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.64.

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.

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

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