Are Kohl’s Heavy Shareholders Cutting Back on Weak Sales?

For the year-to-date, Kohl’s Corp. (NYSE:KSS) shares are down 11.02 percent. On Thursday, the company reported that revenue at stores open at least a year dropped 4.2 percent for the four weeks that ended Saturday, May 25. This came in higher than analysts’ estimates of a 1.2 percent decline.

In addition, Kohl’s also reported that to-date, sales at stores open at least a year dropped 0.9 percent while total sales increased 0.8 percent to $5.58 billion, according to Bloomberg. Total May revenue declined 2.6 percent to $1.34 billion.

The company noted that Midwest stores sales did not do fares as well as those in the West and southern central U.S.

With the disappointing store sales and year-to-date numbers, will Kohl’s largest shareholders decrease their positions? 616 institutional firms indicated owning shares of Kohl’s Corp. (NYSE:KSS) in Q1 2012. These firms reported owning a total of 216.69 million shares on 03/31/2012. The shares closed at $50.03 on 03/31/2012.

Here are the ten largest positions in Kohl’s Corp. at the end of March 31st, 2012.

Price T Rowe Associates Inc /MD/ held 26,405,440 shares on 03/31/2012 worth $1,321,064,131. This brought the portfolio total to 0.4%.

Capital Research Global Investors held 15,983,000 shares on 03/31/2012 worth $799,629,470. This brought the portfolio total to 0.34%.

State Street Corp held 11,115,016 shares on 03/31/2012 worth $556,084,237. This brought the portfolio total to 0.09%.

Vanguard Group inc held 10,184,311 shares on 03/31/2012 worth $509,521,067. This brought the portfolio total to 0.07%.

Massachusetts Financial Services Co /MA/ held 7,388,731 shares on 03/31/2012 worth $369,658,203. This brought the portfolio total to 0.35%.

Franklin Resources Inc held 7,295,599 shares on 03/31/2012 worth $364,998,809. This brought the portfolio total to 0.24%.

Blackrock Institutional Trust Company N.A. held 6,940,064 shares on 03/31/2012 worth $347,211,393. This brought the portfolio total to 0.08%.

JPMorgan Chase & Co held 6,418,322 shares on 03/31/2012 worth $321,108,642. This brought the portfolio total to 0.13%.

Wellington management Co LLP held 5,238,196 shares on 03/31/2012 worth $262,066,939. This brought the portfolio total to 0.09%.

Robeco Investment Management Inc. held 4,568,046 shares on 03/31/2012 worth $228,539,336. This brought the portfolio total to 0.94%.

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