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 45.66% during the most recent quarter end. The investment management company now holds a total of 47,085 shares of Kohl's Corporation which is valued at $2,532,702 after selling 39,558 shares in Kohl's Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Kohl's Corporation makes up approximately 6.17% of Athena Global Investors’s portfolio.

Other Hedge Funds, Including , Glg reduced its stake in KSS by selling 942 shares or 8.07% in the most recent quarter. The Hedge Fund company now holds 10,735 shares of KSS which is valued at $577,436. Kohl's Corporation makes up approx 0.05% of Glg’s portfolio. Stevens Capital Management Lp added KSS to its portfolio by purchasing 74,813 company shares during the most recent quarter which is valued at $3,279,802. Kohl's Corporation makes up approx 0.14% of Stevens Capital Management Lp’s portfolio. Penserra Capital Management added KSS to its portfolio by purchasing 846 company shares during the most recent quarter which is valued at $72,231. Kohl's Corporation makes up approx 0.01% of Penserra Capital Management’s portfolio. Blb&b Advisors added KSS to its portfolio by purchasing 8,150 company shares during the most recent quarter which is valued at $355,992. Kohl's Corporation makes up approx 0.07% of Blb&b Advisors’s portfolio.

Kohl's Corporation opened for trading at $54.43 and hit $55.45 on the upside on Monday, eventually ending the session at $54.57, with a gain of 0.11% or 0.06 points. The heightened volatility saw the trading volume jump to 35,19,438 shares. Company has a market cap of $9,800 M.

On the company’s financial health, Kohl's Corporation reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $0.70. The company had revenue of $4327.00 million for the quarter, compared to analysts expectations of $4326.36 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Investors should note that on Nov 10, 2016, Kohl's Corporation announced a cash dividend of $0.5000. The company’s management has announced Dec 5, 2016 as the ex-dividend date and fixed the record date on Dec 7, 2016. The payable date has been fixed on Dec 21, 2016.

Many Wall Street Analysts have commented on Kohl's Corporation. Kohl's Corporation was Downgraded by Buckingham Research to ” Neutral” on Nov 15, 2016. Kohl's Corporation was Upgraded by Citigroup to ” Buy” on Nov 14, 2016. Company shares were Reiterated by Telsey Advisory Group on Nov 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $51 .

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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