Moody Aldrich Partners LLC Buys Shares of 59,494 Kohl’s Co. (NYSE:KSS)

Moody Aldrich Partners LLC bought a new stake in Kohl’s Co. (NYSE:KSS) during the second quarter, HoldingsChannel.com reports. The firm bought 59,494 shares of the company’s stock, valued at approximately $1,236,000.

Several other hedge funds have also modified their holdings of the business. Colony Group LLC grew its holdings in Kohl’s by 67.7% during the 1st quarter. Colony Group LLC now owns 21,414 shares of the company’s stock worth $312,000 after acquiring an additional 8,642 shares during the period. Geode Capital Management LLC grew its stake in shares of Kohl’s by 5.5% during the 1st quarter. Geode Capital Management LLC now owns 2,743,823 shares of the company’s stock worth $40,040,000 after acquiring an additional 142,927 shares during the period. Annex Advisory Services LLC grew its stake in shares of Kohl’s by 23.5% during the 1st quarter. Annex Advisory Services LLC now owns 63,765 shares of the company’s stock worth $931,000 after acquiring an additional 12,125 shares during the period. OPSEU Pension Plan Trust Fund bought a new position in Kohl’s in the 1st quarter worth about $142,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Kohl’s by 14.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 170,490 shares of the company’s stock worth $2,488,000 after purchasing an additional 21,925 shares during the period. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s stock traded down $0.32 during midday trading on Friday, hitting $19.04. 6,874,606 shares of the company were exchanged, compared to its average volume of 8,227,521. The firm has a market capitalization of $3.00 billion, a PE ratio of 37.33 and a beta of 1.74. Kohl’s Co. has a fifty-two week low of $10.89 and a fifty-two week high of $59.28. The business has a fifty day simple moving average of $21.26 and a two-hundred day simple moving average of $26.55. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.79 and a current ratio of 1.88.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.40). The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.15 billion. Kohl’s had a net margin of 0.48% and a return on equity of 3.34%. The firm’s revenue for the quarter was down 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, equities analysts expect that Kohl’s Co. will post -3.6 earnings per share for the current year.

Several analysts have weighed in on the company. Wedbush lowered their price target on Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Deutsche Bank dropped their price target on shares of Kohl’s from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Morgan Stanley dropped their price target on shares of Kohl’s from $18.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, May 21st. TheStreet lowered shares of Kohl’s from a “c” rating to a “d+” rating in a research note on Tuesday, May 19th. Finally, ValuEngine upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research note on Monday, May 18th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.31.

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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