Ropes Wealth Advisors LLC Has $453,000 Position in Kohl’s Corporation (KSS)
Ropes Wealth Advisors LLC raised its stake in shares of Kohl’s Corporation (NYSE:KSS) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,717 shares of the company’s stock after purchasing an additional 175 shares during the period. Ropes Wealth Advisors LLC’s holdings in Kohl’s Corporation were worth $453,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in KSS. BlackRock Inc. raised its position in Kohl’s Corporation by 2,606.7% during the 1st quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after purchasing an additional 17,714,714 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kohl’s Corporation by 48.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,809,881 shares of the company’s stock worth $191,493,000 after acquiring an additional 1,567,414 shares in the last quarter. Morgan Stanley raised its position in shares of Kohl’s Corporation by 45.1% in the 1st quarter. Morgan Stanley now owns 4,703,551 shares of the company’s stock worth $187,248,000 after acquiring an additional 1,461,596 shares in the last quarter. Northern Trust Corp raised its position in shares of Kohl’s Corporation by 34.9% in the 2nd quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after acquiring an additional 1,396,006 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Kohl’s Corporation by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock worth $754,646,000 after acquiring an additional 1,254,285 shares in the last quarter.
Kohl’s Corporation (NYSE:KSS) traded up 1.02% during trading on Monday, reaching $46.54. The company’s stock had a trading volume of 371,434 shares. The company has a 50-day moving average of $40.83 and a 200 day moving average of $39.25. The firm has a market cap of $7.85 billion, a PE ratio of 11.91 and a beta of 1.15. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that Kohl’s Corporation will post $3.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued 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 of this dividend was Friday, September 1st. Kohl’s Corporation’s payout ratio is 56.41%.
KSS has been the subject of several research analyst reports. Zacks Investment Research raised Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, July 11th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 29th. BidaskClub lowered Kohl’s Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a research report on Sunday, July 30th. Finally, OTR Global reissued a “sell” rating on shares of Kohl’s Corporation in a research report on Tuesday, August 8th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. Kohl’s Corporation has an average rating of “Hold” and a consensus target price of $43.23.
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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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