Assenagon Asset Management S.A. purchased a new stake in Kohl’s Co. (NYSE:KSS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,762 shares of the company’s stock, valued at approximately $1,548,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of KSS. LFA Lugano Financial Advisors SA acquired a new stake in Kohl’s in the second quarter valued at $106,000. MUFG Americas Holdings Corp raised its holdings in Kohl’s by 280.0% in the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock valued at $139,000 after acquiring an additional 1,400 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Kohl’s by 125.8% during the third quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock valued at $172,000 after purchasing an additional 1,276 shares during the last quarter. Whittier Trust Co. increased its stake in Kohl’s by 1,497.6% during the second quarter. Whittier Trust Co. now owns 3,307 shares of the company’s stock valued at $174,000 after purchasing an additional 3,100 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in Kohl’s during the third quarter valued at $182,000.
Several analysts have weighed in on the stock. Royal Bank of Canada set a $82.00 target price on shares of Kohl’s and gave the company a “hold” rating in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, July 24th. Morgan Stanley boosted their target price on shares of Kohl’s from $45.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, August 23rd. Credit Suisse Group boosted their target price on shares of Kohl’s from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. Kohl’s presently has a consensus rating of “Hold” and an average target price of $78.20.
Kohl’s stock opened at $81.97 on Friday. The stock has a market cap of $13.38 billion, a PE ratio of 19.56, a PEG ratio of 2.20 and a beta of 1.10. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 0.53. Kohl’s Co. has a one year low of $40.90 and a one year high of $82.99.
Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, August 21st. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.64 by $0.12. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.27 billion. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Equities research analysts predict that Kohl’s Co. will post 5.47 EPS for the current year.
In other news, President Sona Chawla sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $74.69, for a total transaction of $746,900.00. Following the completion of the transaction, the president now owns 224,159 shares in the company, valued at $16,742,435.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard D. Schepp sold 21,584 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $81.75, for a total transaction of $1,764,492.00. The disclosure for this sale can be found here. Insiders have sold 75,788 shares of company stock valued at $6,104,331 in the last 90 days. Insiders own 1.20% of the company’s stock.
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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