Nationwide Fund Advisors Grows Holdings in Kohl’s Corporation (KSS)

Nationwide Fund Advisors raised its position in shares of Kohl’s Corporation (NYSE:KSS) by 38.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,451 shares of the company’s stock after purchasing an additional 19,155 shares during the period. Nationwide Fund Advisors’ holdings in Kohl’s Corporation were worth $2,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Kohl’s Corporation by 10.1% during the second quarter. Wells Fargo & Company MN now owns 4,117,215 shares of the company’s stock valued at $159,213,000 after purchasing an additional 377,438 shares in the last quarter. JPMorgan Chase & Co. raised its position in Kohl’s Corporation by 1.7% during the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock valued at $422,066,000 after purchasing an additional 186,046 shares in the last quarter. BlackRock Inc. raised its position in Kohl’s Corporation by 2,606.7% during the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock valued at $732,277,000 after purchasing an additional 17,714,714 shares in the last quarter. HGK Asset Management Inc. raised its position in Kohl’s Corporation by 5.0% during the second quarter. HGK Asset Management Inc. now owns 281,319 shares of the company’s stock valued at $10,879,000 after purchasing an additional 13,470 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Kohl’s Corporation by 30.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,814 shares of the company’s stock valued at $749,000 after purchasing an additional 4,346 shares in the last quarter.

Shares of Kohl’s Corporation (NYSE:KSS) opened at 42.32 on Friday. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The firm’s 50-day moving average price is $43.22 and its 200 day moving average price is $39.90. The company has a market capitalization of $7.13 billion, a PE ratio of 10.83 and a beta of 1.19.

Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, equities analysts forecast that Kohl’s Corporation will post $3.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were issued a $0.55 dividend. The ex-dividend date was Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.20%. Kohl’s Corporation’s dividend payout ratio is currently 56.41%.

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A number of equities research analysts have weighed in on the company. UBS AG restated a “neutral” rating and set a $38.00 price target on shares of Kohl’s Corporation in a research report on Monday, August 14th. Credit Suisse Group raised their price target on Kohl’s Corporation from $39.00 to $44.00 and gave the company an “underperform” rating in a research report on Monday, August 14th. ValuEngine downgraded Kohl’s Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets set a $43.00 price objective on Kohl’s Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price objective on shares of Kohl’s Corporation in a report on Thursday, September 7th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.90.

Kohl’s Corporation 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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