Westpac Banking Corp Buys 4,900 Shares of Kohl’s Co. (NYSE:KSS)

Westpac Banking Corp increased its stake in Kohl’s Co. (NYSE:KSS) by 17.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,679 shares of the company’s stock after purchasing an additional 4,900 shares during the period. Westpac Banking Corp’s holdings in Kohl’s were worth $1,554,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Kohl’s by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 2,939,284 shares of the company’s stock valued at $194,900,000 after purchasing an additional 177,898 shares in the last quarter. FMR LLC grew its holdings in Kohl’s by 1.7% during the 4th quarter. FMR LLC now owns 74,150 shares of the company’s stock valued at $4,919,000 after purchasing an additional 1,209 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Kohl’s by 3.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 72,037 shares of the company’s stock valued at $4,954,000 after purchasing an additional 2,420 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Kohl’s by 13.6% during the 1st quarter. IFM Investors Pty Ltd now owns 11,596 shares of the company’s stock valued at $797,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in Kohl’s by 1.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 37,013 shares of the company’s stock valued at $2,545,000 after purchasing an additional 700 shares in the last quarter.

KSS stock traded up $1.24 during mid-day trading on Friday, hitting $45.51. 3,835,000 shares of the company were exchanged, compared to its average volume of 4,402,440. The firm has a fifty day simple moving average of $49.19 and a 200 day simple moving average of $59.72. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 1.06. Kohl’s Co. has a twelve month low of $43.33 and a twelve month high of $83.28. The company has a market capitalization of $7.17 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kohl’s Co. will post 5.23 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. Atlantic Securities lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $42.00 price target for the company. in a report on Tuesday, June 4th. Citigroup lowered their price target on shares of Kohl’s from $71.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. OTR Global lowered shares of Kohl’s to a “positive” rating in a report on Friday, August 2nd. Morgan Stanley lowered their price target on shares of Kohl’s from $58.00 to $50.00 and set an “underweight” rating for the company in a report on Thursday, May 23rd. Finally, UBS Group lowered their price target on shares of Kohl’s from $72.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $69.11.

About Kohl’s

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.

Further Reading: Green Investing

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

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