First Trust Advisors LP Buys 163,213 Shares of Kohl’s Co. (NYSE:KSS)

First Trust Advisors LP increased its stake in shares of Kohl’s Co. (NYSE:KSS) by 38.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587,923 shares of the company’s stock after purchasing an additional 163,213 shares during the quarter. First Trust Advisors LP owned about 0.37% of Kohl’s worth $29,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KSS. OLD National Bancorp IN boosted its stake in Kohl’s by 15.6% in the second quarter. OLD National Bancorp IN now owns 56,130 shares of the company’s stock valued at $2,669,000 after acquiring an additional 7,592 shares during the last quarter. Annex Advisory Services LLC boosted its stake in Kohl’s by 34.0% in the second quarter. Annex Advisory Services LLC now owns 41,257 shares of the company’s stock valued at $1,961,000 after acquiring an additional 10,469 shares during the last quarter. Corient Capital Partners LLC boosted its stake in Kohl’s by 8.2% in the second quarter. Corient Capital Partners LLC now owns 28,848 shares of the company’s stock valued at $1,372,000 after acquiring an additional 2,177 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Kohl’s by 73.9% in the second quarter. Ontario Teachers Pension Plan Board now owns 119,206 shares of the company’s stock valued at $5,668,000 after acquiring an additional 50,676 shares during the last quarter. Finally, Hourglass Capital LLC boosted its stake in Kohl’s by 15.8% in the second quarter. Hourglass Capital LLC now owns 5,120 shares of the company’s stock valued at $243,000 after acquiring an additional 700 shares during the last quarter. 98.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:KSS opened at $56.69 on Thursday. Kohl’s Co. has a 12 month low of $43.33 and a 12 month high of $82.09. The company has a quick ratio of 0.36, a current ratio of 1.65 and a debt-to-equity ratio of 1.06. The company’s fifty day simple moving average is $51.62 and its 200 day simple moving average is $51.94. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.09 and a beta of 1.07.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.04. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the business posted $1.76 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts expect that Kohl’s Co. will post 5.22 earnings per share for the current fiscal year.

A number of brokerages have issued reports on KSS. Credit Suisse Group reduced their price objective on shares of Kohl’s from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. OTR Global cut shares of Kohl’s to a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank reiterated a “hold” rating and issued a $52.00 target price (down from $58.00) on shares of Kohl’s in a report on Wednesday, August 21st. Cowen set a $58.00 target price on shares of Kohl’s and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, ValuEngine upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Kohl’s currently has an average rating of “Hold” and a consensus price target of $60.47.

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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Institutional Ownership by Quarter for Kohl`s (NYSE:KSS)

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