Acadian Asset Management LLC Reduces Position in Kohl’s Co. (KSS)

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Acadian Asset Management LLC lowered its holdings in shares of Kohl’s Co. (NYSE:KSS) by 83.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,044 shares of the company’s stock after selling 10,270 shares during the period. Acadian Asset Management LLC’s holdings in Kohl’s were worth $149,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Foster & Motley Inc. increased its position in shares of Kohl’s by 17.5% during the second quarter. Foster & Motley Inc. now owns 51,495 shares of the company’s stock worth $3,754,000 after buying an additional 7,676 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Kohl’s by 6.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 16,492 shares of the company’s stock worth $1,202,000 after buying an additional 973 shares during the period. LS Investment Advisors LLC increased its position in shares of Kohl’s by 8.7% during the second quarter. LS Investment Advisors LLC now owns 14,492 shares of the company’s stock worth $1,056,000 after buying an additional 1,163 shares during the period. Whittier Trust Co. increased its position in shares of Kohl’s by 1,497.6% during the second quarter. Whittier Trust Co. now owns 3,307 shares of the company’s stock worth $174,000 after buying an additional 3,100 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Kohl’s during the second quarter worth $2,465,000.

In other Kohl’s news, insider Richard D. Schepp sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 161,050 shares of the company’s stock, valued at $12,645,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard D. Schepp sold 20,000 shares of the firm’s stock in a transaction 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 over the last ninety days. Insiders own 1.20% of the company’s stock.

KSS has been the subject of several recent analyst reports. Credit Suisse Group reiterated a “neutral” rating and set a $72.00 price objective on shares of Kohl’s in a research report on Friday, May 11th. Citigroup cut shares of Kohl’s from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Thursday, June 14th. Wedbush initiated coverage on shares of Kohl’s in a research report on Friday, August 10th. They set a “neutral” rating and a $75.00 price objective for the company. Susquehanna Bancshares reiterated a “neutral” rating on shares of Kohl’s in a research report on Thursday, June 7th. Finally, MKM Partners set a $67.00 price objective on shares of Kohl’s and gave the stock a “hold” rating in a research report on Tuesday, May 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Kohl’s has a consensus rating of “Hold” and an average price target of $73.32.

NYSE:KSS opened at $76.44 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.76 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.10 and a beta of 1.26. Kohl’s Co. has a 12 month low of $36.50 and a 12 month high of $79.92.

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

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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