Schwab Charles Investment Management Inc. grew its position in shares of Kohl’s Corporation (NYSE:KSS) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,098,025 shares of the company’s stock after purchasing an additional 62,310 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.64% of Kohl’s Corporation worth $42,461,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Global X Management Co. LLC grew its position in shares of Kohl’s Corporation by 7.4% during the second quarter. Global X Management Co. LLC now owns 8,061 shares of the company’s stock valued at $312,000 after purchasing an additional 553 shares in the last quarter. Greatmark Investment Partners Inc. grew its position in shares of Kohl’s Corporation by 1.6% during the second quarter. Greatmark Investment Partners Inc. now owns 134,125 shares of the company’s stock valued at $5,187,000 after purchasing an additional 2,090 shares in the last quarter. IFP Advisors Inc grew its position in shares of Kohl’s Corporation by 4.0% during the second quarter. IFP Advisors Inc now owns 6,928 shares of the company’s stock valued at $268,000 after purchasing an additional 267 shares in the last quarter. ARP Americas LLC grew its position in shares of Kohl’s Corporation by 71.3% during the second quarter. ARP Americas LLC now owns 12,843 shares of the company’s stock valued at $497,000 after purchasing an additional 5,346 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in shares of Kohl’s Corporation by 4.3% during the second quarter. Capital Investment Advisory Services LLC now owns 7,530 shares of the company’s stock valued at $291,000 after purchasing an additional 309 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Kohl’s Corporation (KSS) Shares Bought by Schwab Charles Investment Management Inc.” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/11/kohls-corporation-kss-shares-bought-by-schwab-charles-investment-management-inc.html.

A number of research analysts have recently weighed in on the company. OTR Global restated a “sell” rating on shares of Kohl’s Corporation in a research report on Tuesday, August 8th. Deutsche Bank AG raised their price objective on Kohl’s Corporation from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird restated a “neutral” rating and set a $43.00 price objective on shares of Kohl’s Corporation in a research report on Thursday. Instinet restated a “buy” rating and set a $51.00 price objective (up previously from $41.00) on shares of Kohl’s Corporation in a research report on Thursday, August 10th. Finally, Gordon Haskett upgraded Kohl’s Corporation from a “reduce” rating to a “hold” rating and raised their price objective for the company from $36.00 to $37.00 in a research report on Thursday, August 10th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.68.

Kohl’s Corporation (NYSE:KSS) opened at 42.00 on Monday. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 10.75 and a beta of 1.15. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. The company’s 50-day moving average is $40.07 and its 200 day moving average is $39.18.

Kohl’s Corporation (NYSE:KSS) last released its 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 company had revenue of $4.14 billion for 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%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 EPS. Equities analysts expect 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. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a yield of 5.24%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.

About Kohl’s Corporation

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.

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 Corporation (NYSE:KSS).

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

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