Cornerstone Investment Partners Lowers stake in Kohl's Corporation (KSS)

Kohl's Corporation (KSS) : Cornerstone Investment Partners reduced its stake in Kohl's Corporation by 0.03% during the most recent quarter end. The investment management company now holds a total of 23,488 shares of Kohl's Corporation which is valued at $1,059,779 after selling 8 shares in Kohl's Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Kohl's Corporation makes up approximately 0.05% of Cornerstone Investment Partners’s portfolio.

Other Hedge Funds, Including , Canandaigua National Bank Trust Co boosted its stake in KSS in the latest quarter, The investment management firm added 26,929 additional shares and now holds a total of 33,485 shares of Kohl's Corporation which is valued at $1,536,962. Kohl's Corporation makes up approx 0.46% of Canandaigua National Bank Trust Co’s portfolio. North Star Investment Management Corp. sold out all of its stake in KSS during the most recent quarter. The investment firm sold 360 shares of KSS which is valued $16,524.Dynamic Advisors Solutions reduced its stake in KSS by selling 40,861 shares or 80.4% in the most recent quarter. The Hedge Fund company now holds 9,959 shares of KSS which is valued at $459,608. Kohl's Corporation makes up approx 0.18% of Dynamic Advisors Solutions’s portfolio. Washington Trust Bank added KSS to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $842.

Kohl's Corporation closed down -0.25 points or -0.54% at $45.9 with 23,73,048 shares getting traded on Tuesday. Post opening the session at $46.15, the shares hit an intraday low of $45.76 and an intraday high of $46.37 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Kohl's Corporation was Initiated by Guggenheim to “Buy” on Sep 30, 2016. 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 .

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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