APG Asset Management N.V. Increases Stake in Kohl’s Corporation (KSS)

APG Asset Management N.V. raised its position in shares of Kohl’s Corporation (NYSE:KSS) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,676,644 shares of the company’s stock after buying an additional 230,200 shares during the period. APG Asset Management N.V. owned about 1.57% of Kohl’s Corporation worth $103,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. increased its position 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 in the last quarter. CENTRAL TRUST Co increased its position 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 in the last quarter. Exane Derivatives increased its position 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 in the last quarter. Breton Hill Capital Ltd. acquired a new position in Kohl’s Corporation during the first quarter worth about $203,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Kohl’s Corporation during the fourth quarter worth about $282,000.

Shares of Kohl’s Corporation (NYSE KSS) opened at 38.64 on Friday. The stock has a market cap of $6.59 billion, a PE ratio of 11.19 and a beta of 1.16. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67. The company’s 50-day moving average is $39.64 and its 200 day moving average is $39.37. Kohl’s Corporation also was the target of some unusual options trading activity on Wednesday. Traders acquired 20,293 call options on the company. This is an increase of approximately 603% compared to the average daily volume of 2,886 call options.

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, beating analysts’ consensus estimates of $1.19 by $0.05. The business 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 in the previous year, the business posted $1.22 earnings per share. Analysts forecast that Kohl’s Corporation will post $3.71 earnings per share for the current fiscal year.

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Friday, September 1st. Kohl’s Corporation’s dividend payout ratio is presently 56.41%.

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A number of research analysts have weighed in on the stock. UBS AG decreased their price objective on shares of Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, May 12th. BMO Capital Markets set a $43.00 price objective on shares of Kohl’s Corporation and gave the stock a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. OTR Global reiterated a “sell” rating on shares of Kohl’s Corporation in a research report on Tuesday. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Kohl’s Corporation in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.98.

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.

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

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