Kohl’s Corporation (KSS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Kohl’s Corporation (NYSE:KSS) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,645,951 shares of the company’s stock after selling 191,894 shares during the period. Bank of New York Mellon Corp owned about 3.35% of Kohl’s Corporation worth $257,738,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Kohl’s Corporation by 1.7% during the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after buying an additional 186,046 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s Corporation by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock worth $211,022,000 after buying an additional 647,469 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kohl’s Corporation by 34.9% during the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after buying an additional 1,396,006 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Kohl’s Corporation by 10.1% during the second quarter. Wells Fargo & Company MN now owns 4,117,215 shares of the company’s stock worth $159,213,000 after buying an additional 377,438 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Kohl’s Corporation by 9.4% during the second quarter. APG Asset Management N.V. now owns 2,676,644 shares of the company’s stock worth $103,506,000 after buying an additional 230,200 shares in the last quarter.

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Shares of Kohl’s Corporation (NYSE KSS) traded up $1.47 during trading on Friday, reaching $43.72. The company’s stock had a trading volume of 4,130,319 shares, compared to its average volume of 4,494,440. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The firm has a market cap of $7,120.00, a P/E ratio of 11.19, a P/E/G ratio of 1.69 and a beta of 1.22.

Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Kohl’s Corporation had a return on equity of 12.72% and a net margin of 3.47%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. analysts forecast that Kohl’s Corporation will post 3.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.03%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 58.36%.

In related news, Director Jonas Prising acquired 4,725 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $42.35 per share, with a total value of $200,103.75. Following the transaction, the director now directly owns 8,661 shares of the company’s stock, valued at $366,793.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

KSS has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “sell” rating and set a $39.00 price target on shares of Kohl’s Corporation in a report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price target on shares of Kohl’s Corporation in a report on Sunday, July 30th. BidaskClub upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, OTR Global reiterated a “sell” rating on shares of Kohl’s Corporation in a report on Tuesday, August 8th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.74.

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.

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

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