State Treasurer State of Michigan Decreases Stake in Kohl's Co. (KSS)
State Treasurer State of Michigan reduced its holdings in Kohl's Co. (NYSE:KSS) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,410 shares of the company’s stock after selling 1,700 shares during the period. State Treasurer State of Michigan’s holdings in Kohl's were worth $2,680,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. LSV Asset Management lifted its stake in shares of Kohl's by 2.0% in the fourth quarter. LSV Asset Management now owns 6,566,130 shares of the company’s stock worth $356,081,000 after buying an additional 130,540 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Kohl's by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 5,834,433 shares of the company’s stock worth $266,349,000 after buying an additional 377,083 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Kohl's by 13.7% in the third quarter. Wells Fargo & Company MN now owns 4,681,324 shares of the company’s stock worth $213,702,000 after buying an additional 564,109 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Kohl's by 28.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,032,578 shares of the company’s stock worth $92,787,000 after buying an additional 445,400 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Kohl's by 9.6% in the third quarter. Schroder Investment Management Group now owns 1,725,757 shares of the company’s stock worth $79,282,000 after buying an additional 151,357 shares in the last quarter.
Shares of Kohl's Co. (NYSE KSS) opened at $61.47 on Friday. Kohl's Co. has a 12-month low of $35.16 and a 12-month high of $69.14. The firm has a market cap of $10,327.27, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63.
Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Kohl's from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim lifted their target price on shares of Kohl's from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Jefferies Group reaffirmed a “buy” rating and set a $100.00 target price on shares of Kohl's in a research note on Friday, January 19th. Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Robert W. Baird set a $70.00 target price on shares of Kohl's and gave the stock a “buy” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.19.
In related news, Director Jonas Prising purchased 4,725 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the transaction, the director now directly owns 8,661 shares in the company, valued at $366,793.35. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the sale, the director now owns 21,960 shares of the company’s stock, valued at $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
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Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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