Franklin Resources Inc. Has $872,000 Stock Holdings in Kohl’s Co. (NYSE:KSS)

Franklin Resources Inc. increased its stake in Kohl’s Co. (NYSE:KSSFree Report) by 25.6% during the third quarter, HoldingsChannel reports. The firm owned 45,179 shares of the company’s stock after acquiring an additional 9,196 shares during the period. Franklin Resources Inc.’s holdings in Kohl’s were worth $872,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after acquiring an additional 9,925,878 shares during the period. FMR LLC raised its holdings in shares of Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after buying an additional 52,126 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after purchasing an additional 643,913 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Trading Down 3.3 %

Shares of KSS opened at $14.36 on Monday. The stock has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $19.16. Kohl’s Co. has a 1 year low of $13.77 and a 1 year high of $29.60. The stock has a market cap of $1.60 billion, a PE ratio of 6.47, a PEG ratio of 1.38 and a beta of 1.88. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSSGet Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. On average, sell-side analysts predict that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were given a $0.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.93%. Kohl’s’s payout ratio is 90.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. TD Cowen lowered their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Citigroup reduced their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley reduced their price target on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. Finally, Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.22.

Check Out Our Latest Stock Analysis on KSS

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

Kohl’s Company Profile

(Free Report)

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

Read More

Want to see what other hedge funds are holding KSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kohl’s Co. (NYSE:KSSFree Report).

Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

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