LSV Asset Management Acquires 15,268 Shares of Kohl’s Co. (KSS)

LSV Asset Management lifted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,604,438 shares of the company’s stock after purchasing an additional 15,268 shares during the quarter. Kohl’s accounts for 0.8% of LSV Asset Management’s holdings, making the stock its 26th largest position. LSV Asset Management owned 3.95% of Kohl’s worth $481,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KSS. Nissay Asset Management Corp Japan ADV increased its stake in Kohl’s by 6.4% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 15,750 shares of the company’s stock valued at $1,148,000 after acquiring an additional 947 shares during the last quarter. CIBC World Markets Inc. increased its stake in Kohl’s by 13.1% in the second quarter. CIBC World Markets Inc. now owns 65,485 shares of the company’s stock valued at $4,774,000 after acquiring an additional 7,610 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Kohl’s by 34.0% in the second quarter. Canada Pension Plan Investment Board now owns 333,040 shares of the company’s stock valued at $24,279,000 after acquiring an additional 84,421 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Kohl’s by 17.7% in the second quarter. Convergence Investment Partners LLC now owns 74,853 shares of the company’s stock valued at $5,457,000 after acquiring an additional 11,238 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Kohl’s in the second quarter valued at approximately $381,000.

A number of brokerages recently issued reports on KSS. Susquehanna Bancshares reissued a “neutral” rating on shares of Kohl’s in a research note on Thursday, June 7th. Guggenheim reissued a “buy” rating on shares of Kohl’s in a research note on Friday, June 8th. Robert W. Baird lifted their price objective on shares of Kohl’s from $73.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, June 8th. UBS Group began coverage on shares of Kohl’s in a research note on Thursday, June 21st. They issued a “neutral” rating and a $75.00 price objective on the stock. Finally, ValuEngine raised shares of Kohl’s from a “hold” rating to a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.58.

Shares of Kohl’s stock opened at $74.39 on Thursday. Kohl’s Co. has a fifty-two week low of $36.50 and a fifty-two week high of $79.92. The company has a current ratio of 1.76, a quick ratio of 0.44 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.10 and a beta of 1.26.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, May 22nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. Kohl’s had a net margin of 4.46% and a return on equity of 14.28%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts anticipate that Kohl’s Co. will post 5.4 EPS for the current fiscal year.

In other Kohl’s news, insider Richard D. Schepp sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $78.52, for a total value of $1,177,800.00. Following the sale, the insider now owns 161,050 shares in the company, valued at $12,645,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard D. Schepp sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $68.80, for a total transaction of $1,376,000.00. The disclosure for this sale can be found here. Insiders sold 42,805 shares of company stock worth $3,148,177 in the last 90 days. Company insiders own 1.20% of the company’s stock.

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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