Bodenholm Capital AB Purchases Shares of 124,000 Kohl’s Co. (KSS)

Bodenholm Capital AB purchased a new position in shares of Kohl’s Co. (NYSE:KSS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 124,000 shares of the company’s stock, valued at approximately $9,241,000. Kohl’s comprises 2.6% of Bodenholm Capital AB’s holdings, making the stock its 9th biggest holding. Bodenholm Capital AB owned approximately 0.07% of Kohl’s at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KSS. American Century Companies Inc. acquired a new position in Kohl’s during the second quarter worth approximately $90,847,000. Janus Henderson Group PLC increased its position in Kohl’s by 230.0% during the second quarter. Janus Henderson Group PLC now owns 1,786,420 shares of the company’s stock worth $130,231,000 after buying an additional 1,245,073 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Kohl’s by 125.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,600,722 shares of the company’s stock worth $116,690,000 after buying an additional 891,977 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new position in Kohl’s during the second quarter worth approximately $59,996,000. Finally, Renaissance Technologies LLC increased its position in Kohl’s by 76.4% during the second quarter. Renaissance Technologies LLC now owns 1,321,900 shares of the company’s stock worth $96,367,000 after buying an additional 572,700 shares during the last quarter.

A number of equities analysts have weighed in on the company. Royal Bank of Canada set a $82.00 price target on Kohl’s and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, July 24th. Morgan Stanley boosted their price target on Kohl’s from $45.00 to $51.00 and gave the stock an “underweight” rating in a research report on Thursday, August 23rd. Credit Suisse Group upped their target price on Kohl’s from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. Finally, ValuEngine downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.20.

In related news, President Sona Chawla sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $74.69, for a total transaction of $746,900.00. Following the sale, the president now owns 224,159 shares of the company’s stock, valued at $16,742,435.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ratnakar Lavu sold 12,205 shares of the stock in a transaction that occurred on 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. Insiders have sold 75,788 shares of company stock worth $6,104,331 in the last three months. 1.20% of the stock is currently owned by company insiders.

Kohl’s stock opened at $76.90 on Friday. Kohl’s Co. has a 12 month low of $37.97 and a 12 month high of $82.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 1.82. The company has a market capitalization of $12.82 billion, a PE ratio of 15.47, a PEG ratio of 2.11 and a beta of 1.10.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, August 21st. The company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. The business 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 firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. On average, analysts anticipate that Kohl’s Co. will post 5.47 EPS for the current year.

About Kohl’s

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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