State of Tennessee Treasury Department boosted its stake in Kohl's Co. (NYSE:KSS) by 32.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 222,265 shares of the company’s stock after purchasing an additional 54,805 shares during the period. State of Tennessee Treasury Department’s holdings in Kohl's were worth $12,054,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of KSS. Alyeska Investment Group L.P. acquired a new position in Kohl's in the 3rd quarter valued at about $46,574,000. Alps Advisors Inc. acquired a new position in Kohl's in the 4th quarter valued at about $52,200,000. BlackRock Inc. increased its position in Kohl's by 3.8% in the 4th quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock valued at $1,015,677,000 after acquiring an additional 680,124 shares during the period. 1060 Capital LLC acquired a new position in Kohl's in the 3rd quarter valued at about $24,413,000. Finally, Cumberland Partners Ltd increased its position in Kohl's by 396.1% in the 3rd quarter. Cumberland Partners Ltd now owns 750,625 shares of the company’s stock valued at $34,266,000 after acquiring an additional 599,325 shares during the period.
In related news, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the sale, the director now owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.
KSS has been the topic of several recent analyst reports. Zacks Investment Research cut Kohl's from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated a “sell” rating on shares of Kohl's in a research report on Sunday, November 12th. Piper Jaffray Companies set a $55.00 target price on Kohl's and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Citigroup boosted their target price on Kohl's from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, ValuEngine upgraded Kohl's from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.91.
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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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