Catalyst Capital Advisors LLC Trims Stake in Kohl’s Co. (KSS)

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Catalyst Capital Advisors LLC cut its holdings in Kohl’s Co. (NYSE:KSS) by 24.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 210,000 shares of the company’s stock after selling 68,000 shares during the period. Kohl’s makes up about 0.5% of Catalyst Capital Advisors LLC’s portfolio, making the stock its 29th biggest holding. Catalyst Capital Advisors LLC’s holdings in Kohl’s were worth $13,931,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Hawaiian Bank bought a new stake in Kohl’s in the 3rd quarter valued at about $554,000. Aperio Group LLC increased its position in Kohl’s by 11.0% in the 3rd quarter. Aperio Group LLC now owns 146,043 shares of the company’s stock valued at $10,888,000 after buying an additional 14,502 shares in the last quarter. Seven Eight Capital LP bought a new stake in Kohl’s in the 3rd quarter valued at about $208,000. IFM Investors Pty Ltd increased its position in Kohl’s by 9.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 9,702 shares of the company’s stock valued at $723,000 after buying an additional 855 shares in the last quarter. Finally, Calamos Advisors LLC bought a new stake in Kohl’s in the 3rd quarter valued at about $649,000.

Kohl’s stock opened at $66.24 on Wednesday. Kohl’s Co. has a 12 month low of $57.89 and a 12 month high of $83.28. The company has a current ratio of 1.58, a quick ratio of 0.37 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10.89 billion, a P/E ratio of 12.56, a PEG ratio of 1.74 and a beta of 0.83.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Kohl’s had a return on equity of 16.06% and a net margin of 4.94%. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. Kohl’s’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Kohl’s Co. will post 5.54 earnings per share for the current year.

A number of brokerages have commented on KSS. Telsey Advisory Group reissued an “outperform” rating and set a $80.00 price objective (down from $90.00) on shares of Kohl’s in a report on Friday, January 11th. ValuEngine raised Kohl’s from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Zacks Investment Research lowered Kohl’s from a “buy” rating to a “hold” rating in a report on Thursday, November 22nd. Cowen reissued a “buy” rating and set a $82.00 price objective on shares of Kohl’s in a report on Wednesday, November 21st. Finally, Citigroup decreased their price objective on Kohl’s from $79.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.53.

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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.

See Also: Return on Investment (ROI)

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

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