Principal Financial Group Inc. lowered its stake in shares of Kohl’s Corporation (NYSE:KSS) by 46.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 268,964 shares of the company’s stock after selling 231,395 shares during the period. Principal Financial Group Inc. owned 0.16% of Kohl’s Corporation worth $10,401,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Flippin Bruce & Porter Inc. increased its stake in shares of Kohl’s Corporation by 5.0% during the 2nd quarter. Flippin Bruce & Porter Inc. now owns 192,271 shares of the company’s stock worth $7,435,000 after purchasing an additional 9,095 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Kohl’s Corporation by 30.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 24,576 shares of the company’s stock worth $950,000 after purchasing an additional 5,762 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kohl’s Corporation by 0.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,796 shares of the company’s stock worth $3,975,000 after purchasing an additional 918 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of Kohl’s Corporation by 5.1% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 19,400 shares of the company’s stock worth $750,000 after purchasing an additional 950 shares during the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of Kohl’s Corporation during the 2nd quarter worth approximately $299,000.

Kohl’s Corporation (NYSE:KSS) opened at 46.07 on Monday. The stock has a market cap of $7.77 billion, a PE ratio of 11.79 and a beta of 1.15. The firm has a 50 day moving average of $40.83 and a 200-day moving average of $39.25. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67.

Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings data on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. Kohl’s Corporation’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.22 earnings per share. Equities analysts anticipate that Kohl’s Corporation will post $3.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 4.78%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.

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A number of research firms recently weighed in on KSS. Cowen and Company reiterated a “market perform” rating and issued a $47.00 price objective (up from $42.00) on shares of Kohl’s Corporation in a research note on Thursday. Citigroup Inc. lifted their price objective on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday. OTR Global reiterated a “sell” rating on shares of Kohl’s Corporation in a research note on Tuesday, August 8th. Deutsche Bank AG lifted their price objective on shares of Kohl’s Corporation from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price objective on shares of Kohl’s Corporation in a research note on Thursday, September 7th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.23.

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.

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

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