Maj Invest Holding A S Increases Stake in Kohl’s Co. (NYSE:KSS)

Maj Invest Holding A S lifted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,788,054 shares of the company’s stock after purchasing an additional 22,345 shares during the period. Kohl’s accounts for about 5.6% of Maj Invest Holding A S’s portfolio, making the stock its 10th largest position. Maj Invest Holding A S owned 1.75% of Kohl’s worth $138,454,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Kohl’s during the third quarter valued at $1,110,000. Loudon Investment Management LLC lifted its stake in shares of Kohl’s by 4.6% during the third quarter. Loudon Investment Management LLC now owns 6,255 shares of the company’s stock valued at $311,000 after acquiring an additional 275 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Kohl’s by 906.9% during the third quarter. Tower Research Capital LLC TRC now owns 7,139 shares of the company’s stock valued at $354,000 after acquiring an additional 6,430 shares during the period. Bourgeon Capital Management LLC acquired a new position in shares of Kohl’s during the third quarter valued at $99,000. Finally, Flippin Bruce & Porter Inc. lifted its stake in shares of Kohl’s by 98.6% during the third quarter. Flippin Bruce & Porter Inc. now owns 240,321 shares of the company’s stock valued at $11,934,000 after acquiring an additional 119,311 shares during the period. Institutional investors own 98.40% of the company’s stock.

KSS has been the topic of several research reports. Deutsche Bank reaffirmed a “hold” rating and set a $52.00 price target (down previously from $58.00) on shares of Kohl’s in a research note on Wednesday, August 21st. OTR Global lowered Kohl’s to a “positive” rating in a research note on Friday, August 2nd. Credit Suisse Group cut their price target on Kohl’s from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Goldman Sachs Group set a $56.00 price target on Kohl’s and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $60.00 price target (down previously from $70.00) on shares of Kohl’s in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.18.

NYSE:KSS traded down $0.56 during mid-day trading on Tuesday, hitting $56.45. The company had a trading volume of 4,019,139 shares, compared to its average volume of 3,907,388. Kohl’s Co. has a fifty-two week low of $43.33 and a fifty-two week high of $82.09. The business’s fifty day moving average is $51.31 and its two-hundred day moving average is $52.12. 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 firm has a market cap of $8.99 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.09 and a beta of 1.07.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.04. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts forecast that Kohl’s Co. will post 5.22 earnings per share for the current year.

Kohl’s 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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