Kohl's Corporation (KSS) Q2 Earnings Beat As Comps Improve

Paterniano Del Favero
Agosto 10, 2017

BLB&B Advisors LLC's holdings in Kohl's Corporation were worth $328,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Kohl's Corporation by 7.1% in the first quarter. NN Investment Partners Holdings N.V. now owns 43,026 shares of the company's stock valued at $1,664,000 after buying an additional 23,656 shares in the last quarter. Atria Investments LLC purchased a new position in Kohl's Corporation during the second quarter worth about $227,000. The institutional investor owned 147,495 shares of the company's stock after selling 5,463 shares during the period. Finally, Vanguard Group Inc. boosted its position in Kohl's Corporation by 7.1% in the first quarter. Bank of Montreal Can now owns 1,278,069 shares of the company's stock valued at $49,422,000 after buying an additional 179,309 shares in the last quarter. Ameriprise Financial Inc. now owns 5,727,341 shares of the company's stock worth $228,005,000 after buying an additional 3,277,850 shares in the last quarter.

Kohl's Corporation shares rose about 4% in premarket trading Thursday following the report. Kohl's Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The stock has a 50 day moving average price of $39.46 and a 200 day moving average price of $39.38. The company has a market capitalization of $7.15 billion, a PE ratio of 12.14 and a beta of 1.16.

Kohl's Corporation (NYSE:KSS) last released its quarterly earnings data on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.29 by $0.10. Kohl's Corporation had a net margin of 3.25% and a return on equity of 13.29%.

Analysts on average had expected an adjusted profit of $1.19 per share and revenue of $4.13 billion, according to Thomson Reuters I/B/E/S. During the same period previous year, the firm posted $0.31 earnings per share. Though transactions for the quarter were lower than a year ago, July transactions increased. Currently, its internal estimates sit at full-year EPS of $3.50 to $3.80, on sales down 1.3% to up 0.7% to approximately $18.44 to $18.82 billion.

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A number of research analysts have commented on KSS shares. Deutsche Bank AG upped their target price on shares of Kohl's Corporation from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, Jefferies Group LLC reiterated a "buy" rating and issued a $48.00 price objective on shares of Kohl's Corporation in a research note on Sunday, July 30th.

Several equities analysts have issued reports on the stock. Kohl's Corporation presently has a consensus rating of "Hold" and a consensus price target of $43.02. The company is the second-largest department store by retail sales in the US, and has about 140,000 employees.

Established back in 1962, Kohl's boasts around 1,155 department store locations throughout the United States.

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