Athena Global Investors Lowers stake in Kohl's Corporation (KSS)

Kohl's Corporation (KSS) : Athena Global Investors reduced its stake in Kohl's Corporation by 12.75% during the most recent quarter end. The investment management company now holds a total of 86,643 shares of Kohl's Corporation which is valued at $3,828,754 after selling 12,664 shares in Kohl's Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Kohl's Corporation makes up approximately 5.72% of Athena Global Investors’s portfolio.

Other Hedge Funds, Including , Wealthsource Partners boosted its stake in KSS in the latest quarter, The investment management firm added 1,385 additional shares and now holds a total of 8,074 shares of Kohl's Corporation which is valued at $356,790. Kohl's Corporation makes up approx 0.13% of Wealthsource Partners’s portfolio.Shufro Rose Co reduced its stake in KSS by selling 449 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 224,687 shares of KSS which is valued at $8,830,199. Kohl's Corporation makes up approx 0.93% of Shufro Rose Co’s portfolio.Spot Trading L.l.c boosted its stake in KSS in the latest quarter, The investment management firm added 43,033 additional shares and now holds a total of 122,638 shares of Kohl's Corporation which is valued at $4,748,543. Kohl's Corporation makes up approx 0.63% of Spot Trading L.l.c’s portfolio.Royal London Asset Management Ltd reduced its stake in KSS by selling 7,659 shares or 11.72% in the most recent quarter. The Hedge Fund company now holds 57,685 shares of KSS which is valued at $2,233,563. Kohl's Corporation makes up approx 0.04% of Royal London Asset Management Ltd’s portfolio.Msi Financial Services Inc boosted its stake in KSS in the latest quarter, The investment management firm added 8,148 additional shares and now holds a total of 18,962 shares of Kohl's Corporation which is valued at $771,753. Kohl's Corporation makes up approx 0.03% of Msi Financial Services Inc’s portfolio.

Kohl's Corporation opened for trading at $45.22 and hit $46.339 on the upside on Monday, eventually ending the session at $46.01, with a gain of 2.38% or 1.07 points. The heightened volatility saw the trading volume jump to 53,70,288 shares. Company has a market cap of $8,452 M.

On the company’s financial health, Kohl's Corporation reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $1.03. The company had revenue of $4182.00 million for the quarter, compared to analysts expectations of $4165.86 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Kohl's Corporation. Company shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Underperform”, Firm has raised the Price Target to $ 44 from a previous price target of $37 .Company shares were Reiterated by Telsey Advisory Group on Aug 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .Shares were Reiterated by Telsey Advisory Group on May 13, 2016 to “Outperform” and Lowered the Price Target to $ 44 from a previous price target of $55 .

Kohl’s Corporation (Kohl’s) is a specialty department store. As of January 31 2015 the Company operated 1162 department stores in 49 states and an e-Commerce Website (www.Kohls.com). The Company sells private label and national brand apparel footwear accessories beauty and home products. The Company’s stores carry a merchandise assortment with differences attributable to regional preferences. The Company’s Website includes merchandise which is available in the stores as well as merchandise which is available only on-line. Its private brands include Apt. 9 Croft & Barrow Jumping Beans SO and Sonoma Life + Style. The Company’s exclusive brands consist of Food Network Jennifer Lopez Marc Anthony Rock & Republic and Simply Vera Vera Wang. It also offers products under the Fitbit IZOD Juicy Couture Gaiam Nespresso and PUMA brands as well as Jumping Beans collections featuring Disney characters. It also operates a nationwide loyalty program called Yes2You rewards.

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