Kohl’s Co. (KSS) Position Lifted by Cadence Capital Management LLC

Cadence Capital Management LLC boosted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,813 shares of the company’s stock after buying an additional 2,190 shares during the period. Cadence Capital Management LLC’s holdings in Kohl’s were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. NN Investment Partners Holdings N.V. raised its position in Kohl’s by 29.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 59,862 shares of the company’s stock valued at $4,364,000 after buying an additional 13,462 shares during the period. Rampart Investment Management Company LLC raised its position in Kohl’s by 975.3% during the second quarter. Rampart Investment Management Company LLC now owns 53,398 shares of the company’s stock valued at $3,893,000 after buying an additional 48,432 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Kohl’s during the second quarter valued at $823,000. Dai Ichi Life Insurance Company Ltd acquired a new position in Kohl’s during the second quarter valued at $3,101,000. Finally, Bank of Nova Scotia raised its position in Kohl’s by 8.8% during the second quarter. Bank of Nova Scotia now owns 132,790 shares of the company’s stock valued at $9,681,000 after buying an additional 10,765 shares during the period.

KSS has been the topic of several recent analyst reports. Zacks Investment Research lowered Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine lowered Kohl’s from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Wedbush started coverage on Kohl’s in a research report on Friday, August 10th. They set a “neutral” rating and a $75.00 price target on the stock. Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Kohl’s in a research note on Tuesday, August 21st. Finally, OTR Global upgraded Kohl’s to a “positive” rating in a research note on Friday, November 2nd. Two equities 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 company. Kohl’s presently has an average rating of “Hold” and a consensus target price of $78.20.

In other news, Director Stephanie A. Streeter sold 4,776 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $81.50, for a total transaction of $389,244.00. Following the completion of the sale, the director now owns 24,860 shares in the company, valued at approximately $2,026,090. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ratnakar Lavu sold 12,205 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $82.00, for a total value of $1,000,810.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,788 shares of company stock valued at $6,104,331. 1.20% of the stock is currently owned by corporate insiders.

Shares of NYSE KSS opened at $81.97 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.53 and a debt-to-equity ratio of 0.69. Kohl’s Co. has a one year low of $40.90 and a one year high of $82.99. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.20 and a beta of 1.10.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, August 21st. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.27 billion. Kohl’s had a return on equity of 15.55% and a net margin of 4.79%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. On average, equities research analysts anticipate that Kohl’s Co. will post 5.47 EPS for the current fiscal year.

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Kohl’s Profile

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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