Retirement Systems of Alabama decreased its position in Kohl’s Co. (NYSE:KSS) by 2.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 76,882 shares of the company’s stock after selling 1,974 shares during the period. Retirement Systems of Alabama’s holdings in Kohl’s were worth $5,732,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KSS. Principal Financial Group Inc. increased its holdings in Kohl’s by 32.6% in the first quarter. Principal Financial Group Inc. now owns 350,372 shares of the company’s stock valued at $22,952,000 after buying an additional 86,051 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Kohl’s by 104.6% in the first quarter. Allianz Asset Management GmbH now owns 411,768 shares of the company’s stock valued at $26,975,000 after buying an additional 210,542 shares in the last quarter. DnB Asset Management AS increased its holdings in Kohl’s by 6.4% in the second quarter. DnB Asset Management AS now owns 19,959 shares of the company’s stock valued at $1,455,000 after buying an additional 1,200 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Kohl’s by 34.9% in the second quarter. IFM Investors Pty Ltd now owns 8,847 shares of the company’s stock valued at $645,000 after buying an additional 2,289 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Kohl’s by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 26,800 shares of the company’s stock valued at $1,952,000 after buying an additional 1,780 shares in the last quarter.
A number of research analysts have weighed in on KSS shares. Bank of America reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Kohl’s in a report on Wednesday, October 10th. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, July 24th. Telsey Advisory Group lifted their target price on shares of Kohl’s from $86.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Morgan Stanley lifted their target price on shares of Kohl’s from $45.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, August 23rd. Finally, Goldman Sachs Group assumed coverage on shares of Kohl’s in a research report on Monday, September 3rd. They issued a “buy” rating and a $91.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $78.20.
In related news, President Sona Chawla sold 10,000 shares of the business’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 transaction, the president now directly owns 224,159 shares in the company, valued at $16,742,435.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard D. Schepp sold 21,584 shares of the business’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 worth $6,104,331 over the last 90 days. 1.20% of the stock is currently owned by company insiders.
Shares of NYSE KSS opened at $76.90 on Monday. Kohl’s Co. has a 52-week low of $37.97 and a 52-week high of $82.42. The stock has a market capitalization of $12.82 billion, a PE ratio of 18.35, a P/E/G ratio of 2.11 and a beta of 1.10. 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 (NYSE:KSS) last posted its quarterly earnings results on Tuesday, August 21st. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $4.57 billion for 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%. Kohl’s’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. Research analysts predict that Kohl’s Co. will post 5.47 earnings per share for the current fiscal year.
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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