Teacher Retirement System of Texas lowered its stake in shares of Kohl’s Co. (NYSE:KSS) by 10.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 344,845 shares of the company’s stock after selling 40,675 shares during the period. Teacher Retirement System of Texas’ holdings in Kohl’s were worth $23,715,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truehand Inc bought a new stake in Kohl’s during the fourth quarter worth about $26,000. Loeb Partners Corp purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. purchased a new position in shares of Kohl’s during the first quarter valued at approximately $33,000. Liberty Wealth Management LLC purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $36,000. Finally, Princeton Capital Management LLC raised its holdings in shares of Kohl’s by 94.3% during the first quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock valued at $37,000 after purchasing an additional 264 shares during the last quarter.
Several research analysts have recently weighed in on KSS shares. Bank of America reissued a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Wednesday, March 13th. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, March 12th. Guggenheim reissued a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Tuesday, March 5th. Finally, Atlantic Securities raised shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price objective for the company in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $75.58.
Shares of KSS stock opened at $64.80 on Wednesday. Kohl’s Co. has a 12 month low of $58.66 and a 12 month high of $83.28. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.77 and a quick ratio of 0.50.
Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 5th. The company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.07. Kohl’s had a net margin of 3.95% and a return on equity of 16.97%. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. As a group, research analysts predict that Kohl’s Co. will post 6.04 earnings per share for the current year.
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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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