Pendal Group Ltd bought a new stake in Kohl’s (NYSE:KSS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,970 shares of the company’s stock, valued at approximately $2,225,000.
A number of other large investors have also recently modified their holdings of the stock. NuWave Investment Management LLC raised its holdings in Kohl’s by 6,537.0% in the 1st quarter. NuWave Investment Management LLC now owns 1,792 shares of the company’s stock valued at $117,000 after acquiring an additional 1,765 shares during the period. Cerebellum GP LLC bought a new position in Kohl’s in the 4th quarter valued at about $121,000. Focused Wealth Management Inc bought a new position in Kohl’s in the 4th quarter valued at about $201,000. Calton & Associates Inc. bought a new position in Kohl’s in the 4th quarter valued at about $202,000. Finally, CIBC World Markets Inc. bought a new position in Kohl’s in the 4th quarter valued at about $202,000.
Shares of Kohl’s opened at $63.19 on Wednesday, according to Marketbeat.com. Kohl’s has a 12 month low of $60.68 and a 12 month high of $62.89. The company has a market cap of $10.28 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.27. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.
Several research analysts have weighed in on KSS shares. Robert W. Baird set a $73.00 price target on shares of Kohl’s and gave the company a “buy” rating in a report on Thursday, March 1st. Guggenheim reissued a “buy” rating and issued a $75.00 price target on shares of Kohl’s in a report on Thursday, March 1st. Bank of America increased their price target on shares of Kohl’s from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Jefferies Group reissued a “buy” rating and issued a $100.00 price target on shares of Kohl’s in a report on Friday, January 19th. Finally, Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.00.
In related news, Director Stephen E. Watson sold 4,173 shares of the stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $65.41, for a total transaction of $272,955.93. Following the sale, the director now owns 16,800 shares in the company, valued at approximately $1,098,888. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin Mansell sold 142,552 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $64.20, for a total transaction of $9,151,838.40. The disclosure for this sale can be found here. Insiders have sold a total of 310,006 shares of company stock worth $20,025,940 in the last quarter. 1.20% of the stock is currently owned by company insiders.
Kohl’s Company 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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