Commerzbank Aktiengesellschaft FI bought a new stake in shares of Kohl's Co. (NYSE:KSS) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 39,291 shares of the company’s stock, valued at approximately $1,564,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new position in Kohl's Co. during the third quarter valued at $246,000. Shell Asset Management Co. raised its position in Kohl's Co. by 6.6% in the third quarter. Shell Asset Management Co. now owns 55,488 shares of the company’s stock valued at $2,428,000 after buying an additional 3,415 shares during the last quarter. Chicago Equity Partners LLC bought a new position in Kohl's Co. during the third quarter valued at $373,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Kohl's Co. during the third quarter valued at $3,970,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Kohl's Co. by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 550,873 shares of the company’s stock valued at $24,101,000 after buying an additional 7,433 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.
Kohl's Co. (NYSE:KSS) traded up 1.96% on Friday, hitting $40.12. The company had a trading volume of 3,788,262 shares. The company has a market capitalization of $6.91 billion, a P/E ratio of 12.90 and a beta of 1.12. The stock’s 50-day moving average price is $39.15 and its 200 day moving average price is $44.21. Kohl's Co. has a one year low of $33.87 and a one year high of $59.67.
Kohl's Co. (NYSE:KSS) last issued its earnings results on Thursday, February 23rd. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.11. Kohl's Co. had a return on equity of 13.59% and a net margin of 3.17%. The business earned $6.21 billion during the quarter, compared to analyst estimates of $6.22 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that Kohl's Co. will post $3.62 EPS for the current fiscal year.
Several equities analysts have weighed in on KSS shares. Goldman Sachs Group Inc reissued a “sell” rating and issued a $32.00 target price (down previously from $35.00) on shares of Kohl's Co. in a research note on Friday, January 6th. Guggenheim reissued a “buy” rating on shares of Kohl's Co. in a research note on Saturday, January 7th. Deutsche Bank AG reissued a “hold” rating and issued a $40.00 target price (down previously from $47.00) on shares of Kohl's Co. in a research note on Saturday, January 7th. Zacks Investment Research lowered Kohl's Co. from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Finally, Credit Suisse Group AG lowered Kohl's Co. from a “neutral” rating to an “underperform” rating and set a $39.00 target price on the stock. in a research note on Wednesday, January 18th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Kohl's Co. presently has a consensus rating of “Hold” and an average price target of $45.78.
In other Kohl's Co. news, Director Frank V. Sica sold 14,628 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $42.32, for a total transaction of $619,056.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.
About Kohl's Co.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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