Massachusetts Financial Services Company decreased its stake in Kohls Corp (NYSE:KSS) by 3.94% based on its latest Q3 2015 regulatory filing with the SEC. Massachusetts Financial Services Company sold 307,441 shares as the company’s stock declined 26.28% with the market. The institutional investor held 7.49M shares of the department and specialty retail stores company at the end of Q3, valued at $346.81M, down from 7.80 million at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Kohls Corp since many months, could be less bullish the $8.78B market cap company. The stock decreased 4.03% or $1.94 on December 11, hitting $46.24. About 4.62 million shares traded hands. Kohl’s Corporation (NYSE:KSS) has declined 37.77% since May 11, 2015 and is downtrending. It has underperformed by 33.35% the S&P500.
Massachusetts Financial Services Company, which manages about $178.99 billion US Long portfolio, upped its stake in Ims Health Hldgs Inc (NYSE:IMS) by 1.62 million shares to 3.00 million shares, valued at $87.39 million in Q3, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 664,609 shares in the quarter, for total 6.57M shares, and risen its stake in Medical Pptys Trust Inc (NYSE:MPW).
Massachusetts Financial Services Company is a Massachusetts-based institutional investor with more than $269.00 billion AUM in January, 2015. Massachusetts Financial Services Company is the 10th largest institutional investor in our database. Taken from Massachusetts Financial Services latest Adv, the fund reported to have 1000 full and part-time employees. Among which 229 performing investment advisory and research functions. The institutional investor had more than 300 clients.
The institutional sentiment decreased to 1 in Q3 2015. Its down 0.12, from 1.12 in 2015Q2. The ratio dropped, as 94 funds sold all KSS shares owned while 192 reduced positions. 63 funds bought stakes while 222 increased positions. They now own 191.18 million shares or 5.94% less from 203.26 million shares in 2015Q2.
Kitzinger Lautmann Capital Management Inc holds 2.76% of its portfolio in KSS for 168,606 shares. Greatmark Investment Partners Inc. owns 115,160 shares or 2.47% of their US portfolio. Moreover, Edmp Inc. has 2.35% invested in the company for 49,963 shares. The Pennsylvania-based Stoneridge Investment Partners Llc has invested 2.35% in the stock. Lingohr & Partner Asset Management Gmbh, a Germany-based fund reported 105,584 shares.
Get a free copy of the Zacks research report on Kohl’s Corporation (KSS).
Out of 21 analysts covering Kohl’s Corporation (NYSE:KSS), 8 rate it “Buy”, 2 “Sell”, while 12 “Hold”. This means 36% are positive. Kohl’s Corporation was the topic in 15 analyst reports since August 6, 2015 according to StockzIntelligence Inc.
More important recent Kohl’s Corporation (NYSE:KSS) news were published by: Seekingalpha.com which released: “Kohl’s Corp.: A Diamond With A Huge Upside Opportunity” on December 07, 2015, also Fool.com published article titled: “What Lies Ahead for Kohl’s Corporation This Holiday Season?”, Fool.com published: “Better Dividend Stock: Wal-Mart Stores Inc. vs. Kohl’s Corporation” on September 15, 2015. More interesting news about Kohl’s Corporation (NYSE:KSS) was released by: Fool.com and their article: “Why Dividend Investors Should Consider Kohl’s Corporation” with publication date: September 15, 2015.
Kohl’s Corporation is a specialty department store. The company has a market cap of $8.78 billion. As of January 31, 2015, the Company operated 1,162 department stores in 49 states and an e-Commerce Website (www.Kohls.com). It has 12.33 P/E ratio. The Firm sells private label, and national brand apparel, footwear, accessories, beauty and home products.
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