Shares of Kohl’s Corporation (NYSE:KSS) gapped up before the market opened on Wednesday . The stock had previously closed at $39.34, but opened at $40.39. Kohl’s Corporation shares last traded at $42.37, with a volume of 7,299,932 shares trading hands.

KSS has been the subject of a number of recent analyst reports. TheStreet raised shares of Kohl’s Corporation from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. Vetr downgraded Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 price objective for the company. in a report on Monday, May 15th. Citigroup Inc. restated a “buy” rating and issued a $44.00 price objective (down from $52.00) on shares of Kohl’s Corporation in a report on Sunday, May 14th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a report on Wednesday, June 21st. Finally, Zacks Investment Research upgraded Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.68.

The company has a market cap of $7.12 billion, a PE ratio of 10.85 and a beta of 1.15. The stock’s 50-day moving average is $40.01 and its 200-day moving average is $39.16.

Kohl’s Corporation (NYSE:KSS) last issued its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company earned $1.22 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Analysts forecast that Kohl’s Corporation will post $3.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Friday, September 1st. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Kohl’s Corporation by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock worth $754,646,000 after acquiring an additional 1,254,285 shares in the last quarter. BlackRock Inc. raised its position in shares of Kohl’s Corporation by 2,606.7% during the 1st quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after acquiring an additional 17,714,714 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Kohl’s Corporation by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after acquiring an additional 186,046 shares in the last quarter. American International Group Inc. raised its position in shares of Kohl’s Corporation by 1.2% during the 1st quarter. American International Group Inc. now owns 9,542,266 shares of the company’s stock worth $379,878,000 after acquiring an additional 116,577 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Kohl’s Corporation by 133.8% during the 1st quarter. Ameriprise Financial Inc. now owns 5,727,341 shares of the company’s stock worth $228,005,000 after acquiring an additional 3,277,850 shares in the last quarter.

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Kohl’s Corporation Company Profile

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.