Personal Resources Investment & Strategic Management Inc. lowered its holdings in shares of Kohl’s (NYSE:KSS) by 32.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 41,329 shares of the company’s stock after selling 19,746 shares during the period. Kohl’s comprises 1.4% of Personal Resources Investment & Strategic Management Inc.’s holdings, making the stock its 15th largest holding. Personal Resources Investment & Strategic Management Inc.’s holdings in Kohl’s were worth $2,495,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Kohl’s by 3.8% during the fourth quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock worth $1,015,677,000 after buying an additional 680,124 shares during the last quarter. LSV Asset Management raised its stake in Kohl’s by 0.4% during the first quarter. LSV Asset Management now owns 6,589,170 shares of the company’s stock worth $431,656,000 after buying an additional 23,040 shares during the last quarter. Wells Fargo & Company MN raised its stake in Kohl’s by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 4,804,605 shares of the company’s stock worth $260,553,000 after buying an additional 123,281 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Kohl’s during the fourth quarter worth $133,005,000. Finally, Geode Capital Management LLC raised its stake in Kohl’s by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 2,389,811 shares of the company’s stock worth $129,396,000 after buying an additional 100,953 shares during the last quarter.
A number of brokerages recently weighed in on KSS. MKM Partners set a $67.00 target price on shares of Kohl’s and gave the stock a “hold” rating in a research note on Tuesday. Credit Suisse Group reissued a “neutral” rating and set a $72.00 target price on shares of Kohl’s in a research note on Friday, May 11th. Cowen reissued a “buy” rating and set a $76.00 target price on shares of Kohl’s in a research note on Monday, April 9th. ValuEngine downgraded shares of Kohl’s from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Robert W. Baird raised shares of Kohl’s from a “neutral” rating to a “buy” rating in a research note on Friday, March 9th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $61.00.
In other news, Director Stephen E. Watson sold 4,173 shares of Kohl’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $65.41, for a total transaction of $272,955.93. Following the completion of the transaction, the director now directly owns 16,800 shares in the company, valued at $1,098,888. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Mansell sold 142,552 shares of Kohl’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $64.20, for a total transaction of $9,151,838.40. The disclosure for this sale can be found here. Insiders have sold 310,006 shares of company stock valued at $20,025,940 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
NYSE:KSS opened at $63.72 on Friday. The company has a quick ratio of 0.67, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.84 and a beta of 1.27. Kohl’s has a 12 month low of $62.10 and a 12 month high of $64.99.
Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.74 billion. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. research analysts anticipate that Kohl’s will post 5.25 EPS for the current year.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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