State Treasurer State of Michigan Sells 2,400 Shares of Kohl’s Co. (KSS)

State Treasurer State of Michigan decreased its holdings in Kohl’s Co. (NYSE:KSS) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,310 shares of the company’s stock after selling 2,400 shares during the quarter. State Treasurer State of Michigan’s holdings in Kohl’s were worth $3,139,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. We Are One Seven LLC acquired a new stake in shares of Kohl’s during the 4th quarter worth about $47,000. Daiwa SB Investments Ltd. increased its position in shares of Kohl’s by 26.3% during the 4th quarter. Daiwa SB Investments Ltd. now owns 1,010 shares of the company’s stock worth $67,000 after purchasing an additional 210 shares in the last quarter. CWM LLC increased its position in shares of Kohl’s by 66.5% during the 4th quarter. CWM LLC now owns 1,164 shares of the company’s stock worth $77,000 after purchasing an additional 465 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Kohl’s by 44.7% during the 4th quarter. First Mercantile Trust Co. now owns 1,780 shares of the company’s stock worth $119,000 after purchasing an additional 550 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in shares of Kohl’s by 125.8% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock worth $172,000 after purchasing an additional 1,276 shares in the last quarter.

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group dropped their target price on shares of Kohl’s from $99.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 21st. Zacks Investment Research cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Royal Bank of Canada dropped their target price on shares of Kohl’s to $73.00 and set a “market perform” rating for the company in a research report on Wednesday, November 21st. ValuEngine upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Cowen reiterated a “buy” rating and set a $82.00 target price on shares of Kohl’s in a research report on Wednesday, November 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $75.53.

Shares of NYSE KSS traded down $1.49 during mid-day trading on Monday, hitting $63.37. The company’s stock had a trading volume of 997,603 shares, compared to its average volume of 2,712,715. The firm has a market capitalization of $10.71 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83. The company has a current ratio of 1.58, a quick ratio of 0.37 and a debt-to-equity ratio of 0.70. Kohl’s Co. has a one year low of $57.89 and a one year high of $83.28.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 20th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.36 billion. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. As a group, equities research analysts anticipate that Kohl’s Co. will post 5.54 earnings per share for the current fiscal year.

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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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