GAM Holding AG Has $15.17 Million Position in Kohl’s Corporation (KSS)
GAM Holding AG decreased its position in shares of Kohl’s Corporation (NYSE:KSS) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392,152 shares of the company’s stock after selling 204 shares during the period. GAM Holding AG owned approximately 0.23% of Kohl’s Corporation worth $15,165,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its stake in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock worth $129,000 after buying an additional 1,352 shares during the period. Johnson Financial Group Inc. raised its stake in Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock worth $132,000 after buying an additional 778 shares during the period. Exane Derivatives raised its stake in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock worth $143,000 after buying an additional 2,497 shares during the period. Breton Hill Capital Ltd. bought a new stake in Kohl’s Corporation during the first quarter worth $203,000. Finally, Atria Investments LLC bought a new stake in Kohl’s Corporation during the second quarter worth $227,000.
Kohl’s Corporation (NYSE KSS) traded up 0.43% during trading on Tuesday, reaching $37.50. The company’s stock had a trading volume of 435,772 shares. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67. The company has a market capitalization of $6.30 billion, a P/E ratio of 9.60 and a beta of 1.16. The firm’s 50-day moving average price is $39.60 and its 200 day moving average price is $39.27.
Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. On average, analysts predict that Kohl’s Corporation will post $3.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, September 1st. Kohl’s Corporation’s payout ratio is 56.41%.
A number of research firms have recently weighed in on KSS. UBS AG reissued a “neutral” rating and set a $38.00 price objective on shares of Kohl’s Corporation in a research note on Monday, August 14th. Credit Suisse Group increased their price objective on Kohl’s Corporation from $39.00 to $44.00 and gave the company an “underperform” rating in a research note on Monday, August 14th. BMO Capital Markets set a $43.00 price objective on Kohl’s Corporation and gave the company a “hold” rating in a research note on Friday, August 11th. Vetr lowered Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 price objective for the company. in a research note on Monday, May 15th. Finally, Deutsche Bank AG increased their price objective on Kohl’s Corporation from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Kohl’s Corporation has a consensus rating of “Hold” and an average target price of $42.73.
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.
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