Commonwealth Equity Services LLC Buys 3,848 Shares of Kohl’s Co. (NYSE:KSS)

Commonwealth Equity Services LLC raised its stake in Kohl’s Co. (NYSE:KSS) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,065 shares of the company’s stock after acquiring an additional 3,848 shares during the period. Commonwealth Equity Services LLC’s holdings in Kohl’s were worth $1,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Security National Bank bought a new position in Kohl’s in the 2nd quarter valued at approximately $34,000. Register Financial Advisors LLC purchased a new stake in shares of Kohl’s during the first quarter valued at $54,000. CWM LLC boosted its position in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares during the last quarter. GAMMA Investing LLC increased its holdings in Kohl’s by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after buying an additional 523 shares in the last quarter. Finally, Summit Securities Group LLC raised its position in Kohl’s by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after buying an additional 800 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Morgan Stanley downgraded Kohl’s to an “underweight” rating and lowered their target price for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. StockNews.com downgraded Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Finally, Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus price target of $20.67.

Kohl’s Trading Down 4.2 %

Shares of KSS stock opened at $18.90 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. Kohl’s Co. has a 12-month low of $17.68 and a 12-month high of $29.60. The stock’s 50-day moving average price is $20.37 and its 200-day moving average price is $23.11.

Kohl’s (NYSE:KSS) last posted its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts predict that Kohl’s Co. will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is 80.65%.

Kohl’s Profile

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.