MML Investors Services LLC decreased its holdings in Kohl's Co. (NYSE:KSS) by 76.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,221 shares of the company’s stock after selling 19,724 shares during the quarter. MML Investors Services LLC’s holdings in Kohl's were worth $337,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Kohl's by 3.8% in the fourth quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock worth $1,015,677,000 after purchasing an additional 680,124 shares in the last quarter. LSV Asset Management grew its stake in shares of Kohl's by 2.0% in the fourth quarter. LSV Asset Management now owns 6,566,130 shares of the company’s stock worth $356,081,000 after purchasing an additional 130,540 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kohl's by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 5,834,433 shares of the company’s stock worth $266,349,000 after purchasing an additional 377,083 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Kohl's by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 4,804,605 shares of the company’s stock worth $260,553,000 after purchasing an additional 123,281 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Kohl's in the fourth quarter worth $133,005,000.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter Boneparth sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total value of $496,350.00. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Several research analysts have recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $61.00 price target on shares of Kohl's in a research note on Tuesday, January 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $55.00 price target (up previously from $50.00) on shares of Kohl's in a research note on Tuesday, January 9th. BMO Capital Markets reissued a “market perform” rating on shares of Kohl's in a research note on Monday, March 5th. Cowen reissued a “hold” rating and issued a $66.00 price target on shares of Kohl's in a research note on Friday, March 2nd. Finally, ValuEngine raised Kohl's from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $59.66.
Shares of KSS stock opened at $64.16 on Wednesday. Kohl's Co. has a fifty-two week low of $35.16 and a fifty-two week high of $69.48. The company has a market capitalization of $10,676.71, a price-to-earnings ratio of 15.13, a PEG ratio of 1.82 and a beta of 1.27. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.
Kohl's (NYSE:KSS) last announced its earnings results on Thursday, March 1st. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.77 by $0.10. Kohl's had a return on equity of 13.73% and a net margin of 4.50%. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same period in the prior year, the business posted $1.44 earnings per share. Kohl's’s revenue was up 9.2% compared to the same quarter last year. sell-side analysts anticipate that Kohl's Co. will post 5.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.80%. This is an increase from Kohl's’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 13th. Kohl's’s dividend payout ratio is currently 47.47%.
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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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