1060 Capital LLC Purchases Shares of 600,511 Kohl’s Corporation (KSS)

1060 Capital LLC purchased a new stake in Kohl’s Corporation (NYSE:KSS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 600,511 shares of the company’s stock, valued at approximately $24,413,000. Kohl’s Corporation makes up approximately 4.2% of 1060 Capital LLC’s portfolio, making the stock its 9th largest holding. 1060 Capital LLC owned approximately 0.36% of Kohl’s Corporation as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KSS. Ffcm LLC grew its stake in shares of Kohl’s Corporation by 179.3% in the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after acquiring an additional 1,947 shares in the last quarter. Johnson Financial Group Inc. grew its stake in shares of Kohl’s Corporation by 0.3% in the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after acquiring an additional 10 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Kohl’s Corporation during the second quarter worth about $146,000. Raymond James Trust N.A. acquired a new stake in Kohl’s Corporation during the third quarter worth about $200,000. Finally, Keybank National Association OH acquired a new stake in Kohl’s Corporation during the third quarter worth about $207,000.

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A number of equities research analysts have issued reports on KSS shares. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Monday, October 16th. Telsey Advisory Group upgraded shares of Kohl’s Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $50.00 in a research note on Monday, October 9th. Royal Bank Of Canada set a $39.00 price objective on shares of Kohl’s Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 29th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price target on shares of Kohl’s Corporation in a research note on Sunday, July 30th. Finally, Robert W. Baird restated a “neutral” rating and issued a $43.00 price target on shares of Kohl’s Corporation in a research note on Thursday, September 7th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.74.

In related news, Director Jonas Prising acquired 4,725 shares of Kohl’s Corporation stock in a transaction dated Wednesday, November 15th. The stock was 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 in the company, valued at approximately $366,793.35. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Kohl’s Corporation (KSS) traded up $1.47 during trading on Monday, reaching $43.72. 4,185,400 shares of the company’s stock traded hands, compared to its average volume of 4,494,440. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The company has a market cap of $7,380.00, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22.

Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company 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 quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. equities research analysts expect that Kohl’s Corporation will post 3.75 EPS 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. This represents a $2.20 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl’s Corporation’s dividend payout ratio (DPR) is 58.36%.

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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