Kohl’s Corporation (KSS) Shares Bought by MML Investors Services LLC
MML Investors Services LLC raised its holdings in Kohl’s Corporation (NYSE:KSS) by 12.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,497 shares of the company’s stock after purchasing an additional 2,595 shares during the quarter. MML Investors Services LLC’s holdings in Kohl’s Corporation were worth $909,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ffcm LLC raised its position in 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 purchasing an additional 1,947 shares during the period. Johnson Financial Group Inc. raised its position in Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock valued at $132,000 after purchasing an additional 778 shares during the period. CENTRAL TRUST Co raised its position in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after purchasing an additional 1,352 shares during the period. Exane Derivatives raised its position in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after purchasing an additional 2,497 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in Kohl’s Corporation in the second quarter valued at $146,000.
Several research firms recently issued reports on KSS. Zacks Investment Research upgraded Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, July 11th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the company a “sell” rating in a report on Tuesday, August 29th. BidaskClub downgraded Kohl’s Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a report on Sunday, July 30th. Finally, OTR Global reiterated a “sell” rating on shares of Kohl’s Corporation in a report on Tuesday, August 8th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. Kohl’s Corporation has a consensus rating of “Hold” and an average target price of $43.23.
Kohl’s Corporation (NYSE KSS) opened at 46.07 on Monday. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The stock’s 50 day moving average price is $40.83 and its 200 day moving average price is $39.25. The firm has a market capitalization of $7.77 billion, a PE ratio of 11.79 and a beta of 1.15.
Kohl’s Corporation (NYSE:KSS) last announced its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that Kohl’s Corporation will post $3.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Friday, September 1st. Kohl’s Corporation’s payout ratio is 56.41%.
Kohl’s Corporation Profile
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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