Tyvor Capital LLC Acquires New Stake in Kohl’s (KSS)

Tyvor Capital LLC acquired a new position in Kohl’s (NYSE:KSS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 431,276 shares of the company’s stock, valued at approximately $28,253,000. Kohl’s comprises 5.6% of Tyvor Capital LLC’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds also recently bought and sold shares of the company. NuWave Investment Management LLC boosted its stake in Kohl’s by 6,537.0% in the first quarter. NuWave Investment Management LLC now owns 1,792 shares of the company’s stock worth $117,000 after buying an additional 1,765 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Kohl’s in the fourth quarter worth approximately $121,000. Focused Wealth Management Inc purchased a new stake in Kohl’s in the fourth quarter worth approximately $201,000. Calton & Associates Inc. purchased a new stake in Kohl’s in the fourth quarter worth approximately $202,000. Finally, CIBC World Markets Inc. purchased a new stake in Kohl’s in the fourth quarter worth approximately $202,000.

In related news, Director Stephen E. Watson sold 18,340 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $66.37, for a total value of $1,217,225.80. Following the completion of the sale, the director now owns 12,213 shares of the company’s stock, valued at $810,576.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin Mansell sold 142,552 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $64.20, for a total value of $9,151,838.40. The disclosure for this sale can be found here. Insiders sold 310,006 shares of company stock valued at $20,025,940 in the last ninety days. 1.20% of the stock is currently owned by insiders.

KSS has been the subject of several research reports. Morgan Stanley upped their target price on Kohl’s from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Friday, March 2nd. Robert W. Baird set a $73.00 price objective on Kohl’s and gave the company a “buy” rating in a research note on Thursday, March 1st. BMO Capital Markets increased their price objective on Kohl’s to $69.00 and gave the company a “hold” rating in a research note on Friday, March 2nd. Cowen reissued a “hold” rating and set a $66.00 price objective on shares of Kohl’s in a research note on Friday, March 2nd. Finally, Credit Suisse Group reissued a “neutral” rating and set a $72.00 price objective on shares of Kohl’s in a research note on Friday, May 11th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.00.

Shares of KSS stock opened at $63.67 on Monday. Kohl’s has a 52 week low of $35.16 and a 52 week high of $69.48. The firm has a market capitalization of $10.70 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27. The company has a quick ratio of 0.67, a current ratio of 2.01 and a debt-to-equity ratio of 0.81.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Thursday, March 1st. The company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. Kohl’s had a return on equity of 13.73% and a net margin of 4.50%. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.74 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. sell-side analysts anticipate that Kohl’s will post 5.25 EPS for the current fiscal year.

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

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