Hanlon Investment Management adds Kohl's Corporation (KSS) to its portfolio

Kohl's Corporation (KSS) : Hanlon Investment Management added new position in Kohl's Corporation during the most recent quarter end. The investment management firm now holds 136,617 shares of Kohl's Corporation which is valued at $5,289,810 , the company said in a statement filed on Aug 2, 2016 with the SEC.Kohl's Corporation makes up approximately 0.45% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in KSS in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 23,257 shares of Kohl's Corporation which is valued at $900,511. Kohl's Corporation makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in KSS by selling 25,934 shares or 20.41% in the most recent quarter. The Hedge Fund company now holds 101,139 shares of KSS which is valued at $3,916,102. Kohl's Corporation makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.Advisory Services Network reduced its stake in KSS by selling 155 shares or 10.01% in the most recent quarter. The Hedge Fund company now holds 1,393 shares of KSS which is valued at $56,695. Kohl's Corporation makes up approx 0.01% of Advisory Services Network’s portfolio.Confluence Investment Management boosted its stake in KSS in the latest quarter, The investment management firm added 139,211 additional shares and now holds a total of 1,124,019 shares of Kohl's Corporation which is valued at $45,747,573. Kohl's Corporation makes up approx 1.23% of Confluence Investment Management’s portfolio.

Kohl's Corporation opened for trading at $38.98 and hit $39.72 on the upside on Monday, eventually ending the session at $39.37, with a gain of 0.18% or 0.07 points. The heightened volatility saw the trading volume jump to 26,78,403 shares. Company has a market cap of $7,233 M.

On the company’s financial health, Kohl's Corporation reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 12, 2016. Analyst had a consensus of $0.37. The company had revenue of $3972.00 million for the quarter, compared to analysts expectations of $4131.13 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Kohl's Corporation. 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 .Shares were Reiterated by RBC Capital Mkts on May 13, 2016 to “Underperform” and Lowered the Price Target to $ 37 from a previous price target of $42 .Shares were Reiterated by Stifel on May 13, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $54 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *