BlackRock Inc. decreased its holdings in Kohl’s Co. (NYSE:KSS) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,734,982 shares of the company’s stock after selling 1,690,170 shares during the period. BlackRock Inc. owned approximately 9.71% of Kohl’s worth $748,199,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Kohl’s in the 2nd quarter valued at about $26,000. TRUE Private Wealth Advisors acquired a new stake in shares of Kohl’s during the 2nd quarter worth approximately $33,000. Point72 Asset Management L.P. acquired a new stake in shares of Kohl’s during the 2nd quarter worth approximately $38,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Kohl’s during the 2nd quarter worth approximately $48,000. Finally, NEXT Financial Group Inc increased its holdings in shares of Kohl’s by 1,714.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,651 shares of the company’s stock worth $79,000 after buying an additional 1,560 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.
NYSE:KSS opened at $57.04 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.36 and a current ratio of 1.65. The stock has a market capitalization of $9.10 billion, a P/E ratio of 10.19, a PEG ratio of 1.06 and a beta of 1.07. The company has a 50 day moving average price of $50.99 and a 200 day moving average price of $52.23. Kohl’s Co. has a fifty-two week low of $43.33 and a fifty-two week high of $83.28.
Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. Research analysts forecast that Kohl’s Co. will post 5.22 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on KSS shares. Morgan Stanley raised their price target on shares of Kohl’s from $50.00 to $51.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. UBS Group raised their price target on shares of Kohl’s from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Cowen set a $58.00 price target on shares of Kohl’s and gave the stock a “buy” rating in a report on Monday, August 26th. Goldman Sachs Group set a $56.00 price target on shares of Kohl’s and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Guggenheim restated a “buy” rating and set a $60.00 price target (down previously from $70.00) on shares of Kohl’s in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Kohl’s has a consensus rating of “Hold” and a consensus price target of $60.18.
Kohl’s Company 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.
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