SkyBridge Capital II LLC Has $13.39 Million Stake in Kohl’s Corporation (KSS)
SkyBridge Capital II LLC trimmed its holdings in shares of Kohl’s Corporation (NYSE:KSS) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 346,137 shares of the company’s stock after selling 2,630 shares during the quarter. Kohl’s Corporation accounts for about 3.2% of SkyBridge Capital II LLC’s investment portfolio, making the stock its 20th biggest position. SkyBridge Capital II LLC owned approximately 0.20% of Kohl’s Corporation worth $13,385,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ffcm LLC increased its position in shares of Kohl’s Corporation by 179.3% during the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after acquiring an additional 1,947 shares during the last quarter. Johnson Financial Group Inc. increased its holdings 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 valued at $132,000 after buying an additional 778 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after buying an additional 1,352 shares during the last quarter. Exane Derivatives increased its holdings in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Kohl’s Corporation in the second quarter valued at about $146,000.
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Shares of Kohl’s Corporation (NYSE:KSS) traded up 0.71% during trading on Friday, hitting $45.26. The stock had a trading volume of 645,590 shares. The stock’s 50-day moving average price is $40.83 and its 200 day moving average price is $39.25. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 11.58 and a beta of 1.15.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The company 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%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.22 earnings per share. On average, equities analysts forecast that Kohl’s Corporation will post $3.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Friday, September 1st. Kohl’s Corporation’s payout ratio is 56.41%.
KSS has been the subject of several research analyst reports. Zacks Investment Research raised Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, July 11th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the company a “sell” rating in a report on Tuesday, August 29th. BidaskClub lowered Kohl’s Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 20th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a report on Sunday, July 30th. Finally, OTR Global reissued a “sell” rating on shares of Kohl’s Corporation in a report on Tuesday, August 8th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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.
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