Zurich Insurance Group Ltd FI lessened its stake in Kohl’s Co. (NYSE:KSS) by 9.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 63,636 shares of the company’s stock after selling 6,529 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Kohl’s were worth $4,639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in Kohl’s by 3.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,407,576 shares of the company’s stock valued at $248,411,000 after buying an additional 129,277 shares in the last quarter. Millennium Management LLC boosted its position in shares of Kohl’s by 7,904.4% during the 1st quarter. Millennium Management LLC now owns 2,931,723 shares of the company’s stock valued at $192,057,000 after purchasing an additional 2,969,288 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Kohl’s by 18.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,665,578 shares of the company’s stock valued at $194,323,000 after purchasing an additional 414,431 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Kohl’s by 230.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,786,420 shares of the company’s stock valued at $130,231,000 after purchasing an additional 1,245,073 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Kohl’s by 125.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,600,722 shares of the company’s stock valued at $116,690,000 after purchasing an additional 891,977 shares in the last quarter.

KSS stock opened at $79.26 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. Kohl’s Co. has a one year low of $37.97 and a one year high of $82.42. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 2.23 and a beta of 1.28.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts predict that Kohl’s Co. will post 5.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, September 11th. Kohl’s’s dividend payout ratio is presently 58.23%.

KSS has been the subject of several research reports. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, May 21st. Guggenheim restated a “buy” rating and set a $75.00 price objective on shares of Kohl’s in a research report on Tuesday, May 22nd. Morgan Stanley raised their price objective on shares of Kohl’s from $41.00 to $45.00 and gave the company an “underweight” rating in a research report on Wednesday, May 23rd. Atlantic Securities lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $65.00 price objective for the company. in a research report on Wednesday, June 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kohl’s to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, June 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $77.20.

In other news, President Sona Chawla sold 27,223 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $80.92, for a total value of $2,202,885.16. Following the completion of the sale, the president now directly owns 253,021 shares of the company’s stock, valued at $20,474,459.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ratnakar Lavu sold 12,205 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $82.00, for a total transaction of $1,000,810.00. The disclosure for this sale can be found here. Insiders have sold 65,788 shares of company stock valued at $5,357,431 over the last ninety days. Insiders own 1.20% of the company’s stock.

Kohl’s Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

Further Reading: Risk Tolerance

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 Co. (NYSE:KSS).

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

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.