Hennessy Advisors Inc. bought a new stake in shares of Kohl’s (NYSE:KSS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 112,100 shares of the company’s stock, valued at approximately $7,344,000. Hennessy Advisors Inc. owned approximately 0.07% of Kohl’s as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. lifted its stake in shares of Kohl’s by 286.9% during the 4th quarter. Maverick Capital Ltd. now owns 332,120 shares of the company’s stock valued at $18,011,000 after buying an additional 246,270 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Kohl’s by 94.5% in the 4th quarter. Macquarie Group Ltd. now owns 60,100 shares of the company’s stock worth $33,907,000 after purchasing an additional 29,200 shares in the last quarter. Creative Planning lifted its stake in Kohl’s by 37.4% in the 4th quarter. Creative Planning now owns 6,174 shares of the company’s stock worth $335,000 after purchasing an additional 1,681 shares in the last quarter. Global Financial Private Capital LLC lifted its stake in Kohl’s by 93.4% in the 4th quarter. Global Financial Private Capital LLC now owns 19,015 shares of the company’s stock worth $1,031,000 after purchasing an additional 9,185 shares in the last quarter. Finally, BB&T Securities LLC lifted its stake in Kohl’s by 427.1% in the 4th quarter. BB&T Securities LLC now owns 26,919 shares of the company’s stock worth $1,459,000 after purchasing an additional 21,812 shares in the last quarter.
Shares of Kohl’s opened at $63.72 on Friday, Marketbeat Ratings reports. The stock has a market cap of $10.62 billion, a P/E ratio of 15.21, a PEG ratio of 1.80 and a beta of 1.27. Kohl’s has a 12 month low of $62.10 and a 12 month high of $64.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 2.01.
Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Thursday, March 1st. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.77 by $0.10. The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.74 billion. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. equities analysts forecast that Kohl’s will post 5.25 EPS for the current year.
Several analysts have commented on the stock. Robert W. Baird reiterated an “outperform” rating on shares of Kohl’s in a research note on Friday, March 2nd. BMO Capital Markets boosted their price target on shares of Kohl’s to $69.00 and gave the stock a “hold” rating in a research note on Friday, March 2nd. Guggenheim boosted their price target on shares of Kohl’s from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. ValuEngine upgraded shares of Kohl’s from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. Finally, Jefferies Group reiterated a “buy” rating and issued a $100.00 price target on shares of Kohl’s in a research note on Friday, January 19th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $61.00.
In other Kohl’s news, Director Peter Boneparth sold 7,500 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total value of $496,350.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Kevin Mansell sold 69,000 shares of the company’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $64.00, for a total transaction of $4,416,000.00. Following the completion of the transaction, the chairman now owns 350,438 shares in the company, valued at $22,428,032. The disclosure for this sale can be found here. Insiders have sold a total of 310,006 shares of company stock worth $20,025,940 over the last quarter. 1.20% of the stock is currently owned by insiders.
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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