Franklin Resources Inc. Invests $2.27 Million in Kohl’s Corporation (KSS) Stock
Franklin Resources Inc. acquired a new position in shares of Kohl’s Corporation (NYSE:KSS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 58,608 shares of the company’s stock, valued at approximately $2,267,000.
A number of other institutional investors also recently bought and sold shares of the business. Botty Investors LLC increased its stake in Kohl’s Corporation by 0.8% during the 1st quarter. Botty Investors LLC now owns 11,745 shares of the company’s stock worth $467,000 after acquiring an additional 95 shares during the period. Advantus Capital Management Inc increased its stake in Kohl’s Corporation by 0.7% during the 1st quarter. Advantus Capital Management Inc now owns 17,611 shares of the company’s stock worth $701,000 after acquiring an additional 114 shares during the period. Northside Capital Management LLC increased its stake in Kohl’s Corporation by 1.4% during the 1st quarter. Northside Capital Management LLC now owns 11,316 shares of the company’s stock worth $450,000 after acquiring an additional 155 shares during the period. Aviance Capital Partners LLC increased its stake in Kohl’s Corporation by 1.5% during the 2nd quarter. Aviance Capital Partners LLC now owns 15,125 shares of the company’s stock worth $585,000 after acquiring an additional 219 shares during the period. Finally, Mason Street Advisors LLC increased its stake in Kohl’s Corporation by 1.0% during the 1st quarter. Mason Street Advisors LLC now owns 24,387 shares of the company’s stock worth $971,000 after acquiring an additional 246 shares during the period.
A number of research firms have commented on KSS. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of Kohl’s Corporation in a research note on Wednesday, June 21st. Credit Suisse Group raised their price objective on Kohl’s Corporation from $39.00 to $44.00 and gave the stock an “underperform” rating in a research note on Monday, August 14th. BidaskClub lowered Kohl’s Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Vetr lowered Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price objective on the stock. in a research note on Monday, July 17th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $42.00 target price (down previously from $43.00) on shares of Kohl’s Corporation in a report on Friday, August 11th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.55.
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Kohl’s Corporation (NYSE KSS) opened at 45.65 on Friday. The firm has a market capitalization of $7.70 billion, a P/E ratio of 11.68 and a beta of 1.15. The firm’s 50-day moving average price is $40.83 and its 200 day moving average price is $39.25. 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 announced its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company posted $1.22 EPS. Kohl’s Corporation’s revenue was down .9% compared to the same quarter last year. On average, equities analysts anticipate that Kohl’s Corporation will post $3.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.82%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.
About Kohl’s Corporation
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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