Moors & Cabot Inc. lifted its holdings in Kohl’s Co. (NYSE:KSS) by 100.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,738 shares of the company’s stock after purchasing an additional 4,369 shares during the period. Moors & Cabot Inc.’s holdings in Kohl’s were worth $604,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in KSS. Truehand Inc acquired a new position in Kohl’s during the 4th quarter worth approximately $26,000. Loeb Partners Corp bought a new position in shares of Kohl’s in the fourth quarter worth $28,000. Cullen Frost Bankers Inc. acquired a new stake in Kohl’s in the first quarter valued at about $33,000. Liberty Wealth Management LLC acquired a new stake in Kohl’s in the fourth quarter valued at about $36,000. Finally, We Are One Seven LLC acquired a new stake in Kohl’s in the fourth quarter valued at about $47,000.
KSS has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $80.00 price objective (down from $90.00) on shares of Kohl’s in a research note on Friday, January 11th. Atlantic Securities raised Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price objective on the stock in a research note on Wednesday, March 6th. Guggenheim reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Kohl’s in a research note on Tuesday, March 5th. Bank of America reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Kohl’s in a research note on Wednesday, March 13th. Finally, Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $75.58.
Shares of KSS stock opened at $67.06 on Friday. Kohl’s Co. has a 12 month low of $58.64 and a 12 month high of $83.28. The stock has a market cap of $11.16 billion, a PE ratio of 11.98, a PEG ratio of 1.16 and a beta of 0.77. The company has a current ratio of 1.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.61.
Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.07. Kohl’s had a return on equity of 16.97% and a net margin of 3.95%. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period last year, the firm posted $1.87 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts predict that Kohl’s Co. will post 6.05 EPS for the current year.
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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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