Raymond James Financial Services Advisors Inc. Has $964,000 Holdings in Kohl's Co. (KSS)
Raymond James Financial Services Advisors Inc. boosted its stake in shares of Kohl's Co. (NYSE:KSS) by 34.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,121 shares of the company’s stock after acquiring an additional 5,454 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kohl's were worth $964,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KSS. Harbour Capital Advisors LLC boosted its position in shares of Kohl's by 5,700.7% during the second quarter. Harbour Capital Advisors LLC now owns 17,402 shares of the company’s stock valued at $450,000 after buying an additional 17,102 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Kohl's by 33.6% in the second quarter. Janney Montgomery Scott LLC now owns 9,834 shares of the company’s stock valued at $380,000 after purchasing an additional 2,472 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Kohl's by 168.5% in the second quarter. Great West Life Assurance Co. Can now owns 451,632 shares of the company’s stock valued at $17,434,000 after purchasing an additional 283,449 shares during the period. Sei Investments Co. boosted its holdings in shares of Kohl's by 6.8% in the second quarter. Sei Investments Co. now owns 129,970 shares of the company’s stock valued at $5,026,000 after purchasing an additional 8,273 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Kohl's by 833.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 122,195 shares of the company’s stock valued at $4,725,000 after purchasing an additional 109,104 shares during the period.
Kohl's Co. (NYSE:KSS) opened at $48.05 on Friday. The stock has a market capitalization of $8,100.27, a price-to-earnings ratio of 12.75, a PEG ratio of 1.92 and a beta of 1.24. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. Kohl's Co. has a 12-month low of $35.16 and a 12-month high of $59.67.
Kohl's (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. equities research analysts anticipate that Kohl's Co. will post 3.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl's’s payout ratio is presently 58.36%.
In other Kohl's news, Director Jonas Prising purchased 4,725 shares of Kohl's stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $42.35 per share, with a total value of $200,103.75. Following the completion of the transaction, the director now owns 8,661 shares in the company, valued at approximately $366,793.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.
A number of analysts recently issued reports on the company. ValuEngine upgraded Kohl's from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Group reiterated a “buy” rating and issued a $50.00 price target on shares of Kohl's in a report on Wednesday, September 27th. Cowen reiterated a “market perform” rating and issued a $47.00 price target (up previously from $42.00) on shares of Kohl's in a report on Thursday, September 21st. Citigroup boosted their price objective on shares of Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, September 21st. Finally, Telsey Advisory Group raised shares of Kohl's from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $50.00 in a research note on Monday, October 9th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Kohl's presently has an average rating of “Hold” and an average price target of $42.74.
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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