Kohl’s Co. (NYSE:KSS) Stock Position Raised by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its stake in shares of Kohl’s Co. (NYSE:KSS) by 53.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 18,452 shares of the company’s stock after acquiring an additional 6,415 shares during the period. Rafferty Asset Management LLC’s holdings in Kohl’s were worth $1,017,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Boston Partners bought a new stake in shares of Kohl’s in the 1st quarter worth approximately $161,471,000. BlackRock Inc. raised its position in Kohl’s by 12.0% in the 1st quarter. BlackRock Inc. now owns 14,818,427 shares of the company’s stock valued at $883,325,000 after purchasing an additional 1,583,353 shares during the last quarter. Holocene Advisors LP raised its position in Kohl’s by 4,141.5% in the 1st quarter. Holocene Advisors LP now owns 1,544,554 shares of the company’s stock valued at $92,071,000 after purchasing an additional 1,508,139 shares during the last quarter. Ardevora Asset Management LLP bought a new position in Kohl’s in the 2nd quarter valued at $62,026,000. Finally, Canada Pension Plan Investment Board bought a new position in Kohl’s in the 1st quarter valued at $14,187,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on KSS. Wedbush reissued a “neutral” rating on shares of Kohl’s in a research note on Friday, August 27th. Jefferies Financial Group began coverage on Kohl’s in a research note on Monday, August 9th. They issued a “buy” rating and a $71.00 target price for the company. Telsey Advisory Group upped their target price on Kohl’s from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, August 16th. Credit Suisse Group boosted their price target on Kohl’s from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, August 20th. Finally, Morgan Stanley increased their price target on Kohl’s from $47.00 to $48.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $54.24.

Shares of NYSE:KSS opened at $52.77 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.71 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $53.49 and a 200 day simple moving average of $56.01. Kohl’s Co. has a 12-month low of $18.28 and a 12-month high of $64.80. The firm has a market cap of $7.94 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.06 and a beta of 2.16.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 18th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $1.22. Kohl’s had a net margin of 3.94% and a return on equity of 17.58%. The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm posted ($0.25) EPS. Kohl’s’s revenue was up 30.5% on a year-over-year basis. As a group, equities research analysts expect that Kohl’s Co. will post 6.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 22nd. Investors of record on Wednesday, September 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 7th. This represents a $1.00 annualized dividend and a yield of 1.90%. Kohl’s’s dividend payout ratio (DPR) is presently -82.64%.

Kohl’s Profile

Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.

Read More: Forex

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 Co. (NYSE:KSS).

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

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