Why Kohl’s Corporation (KSS) Stock is Moving Today

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Kohl’s Corporation (NYSE:KSS) stock was on the move Monday for a couple of reasons.

Why Kohl's Corporation (KSS) Stock is Moving Today

KSS stock started Monday up following an upgrade from analysts at Telsey Advisory. The investment firm increased its rating for the company to “Outperform.” It previously had a “Market Perform” rating for Kohl’s Corporation.

Telsey Advisory currently has a price target of $50 for KSS stock. The retail company’s stock price was sitting at $43.34  when the markets closed on Friday. The firm is expecting the company to report strong same-store sales in its second quarter from its focus on ecommerce, reports TheStreet.com.

Despite the positive news from Telsey Advisory analysts, KSS stock is actually on its way down today. The reason for the decline may have to do with a change in Brandywine Global Investment Management LLC’s stake in Kohl’s Corporation.

Brandywine recently revealed in a filing with the SEC that it has decreased its stake in Kohl’s Corporation. The company has sold 141,681 shares of KSS stock during the second quarter of the year. This has it lowering its position in the company by roughly 73%.

Following its sale of KSS stock, Brandywine now only holds 53,275 shares of Kohl’s Corporation’s stock. The total value of its stake in the company was $2.06 million when the most recent quarter came to a close, The Ledger Gazette notes.

KSS stock was up when the markets opened on Monday morning. However, the stock is now down 1% as of noon Monday.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/10/kohls-corporation-moving-kss-stock/.

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