Kohl’s Co. (NYSE:KSS) Shares Sold by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC lowered its holdings in Kohl’s Co. (NYSE:KSS) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,177 shares of the company’s stock after selling 500 shares during the period. Stone Ridge Asset Management LLC’s holdings in Kohl’s were worth $2,098,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its stake in shares of Kohl’s by 66.2% in the third quarter. Cullen Frost Bankers Inc. now owns 8,335 shares of the company’s stock valued at $413,000 after purchasing an additional 3,319 shares during the period. Ackerman Capital Advisors LLC boosted its stake in shares of Kohl’s by 20.0% in the fourth quarter. Ackerman Capital Advisors LLC now owns 6,000 shares of the company’s stock valued at $306,000 after purchasing an additional 1,000 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Kohl’s in the third quarter valued at $2,596,000. Capital Investment Advisors LLC boosted its stake in shares of Kohl’s by 9.9% in the fourth quarter. Capital Investment Advisors LLC now owns 148,863 shares of the company’s stock valued at $7,585,000 after purchasing an additional 13,461 shares during the period. Finally, Brookstone Capital Management purchased a new position in shares of Kohl’s in the fourth quarter valued at $766,000. 96.00% of the stock is owned by institutional investors.

NYSE KSS traded down $0.27 during trading hours on Friday, reaching $44.37. 152,118 shares of the company traded hands, compared to its average volume of 3,437,996. Kohl’s Co. has a 12 month low of $42.50 and a 12 month high of $75.91. The company has a current ratio of 1.42, a quick ratio of 0.22 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $6.99 billion, a PE ratio of 10.23, a PEG ratio of 0.97 and a beta of 1.07. The company has a 50 day moving average of $46.66 and a two-hundred day moving average of $49.13.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). Kohl’s had a net margin of 3.50% and a return on equity of 15.19%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Kohl’s Co. will post 4.76 earnings per share for the current year.

Several brokerages have recently weighed in on KSS. Jefferies Financial Group downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $65.00 to $52.00 in a research note on Monday, January 6th. Gordon Haskett downgraded shares of Kohl’s from an “accumulate” rating to a “hold” rating in a research note on Tuesday, November 19th. Robert W. Baird decreased their target price on shares of Kohl’s from $65.00 to $58.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. They noted that the move was a valuation call. Cowen downgraded shares of Kohl’s from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $56.00 to $53.00 in a research note on Wednesday, January 8th. Finally, Evercore ISI began coverage on shares of Kohl’s in a research note on Wednesday, November 20th. They issued a “hold” rating and a $52.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Kohl’s currently has an average rating of “Hold” and a consensus price target of $50.63.

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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