Average Cost: $43.73
Activist Commentary: Macellum is not an activist investor but is willing to take activist measures when they believe change is necessary. They have significant experience with consumer retail companies, and that experience is evident in their detailed letter to the board. While Macellum prefers to work constructively with a company, it has had past success at The Children s Place, Christopher & Banks, Citi Trends, Bed Bath and Beyond and Big Lots, receiving board representation through settlements. In this situation, Macellum has teamed up with Legion Partners, Ancora Advisors and 4010 Capital (collectively, the Group ). The Group s 9.48% ownership is comprised of Macellum (5.53%), Ancora (2.59%), Legion (1.34%) and 4010 Capital (.02%).
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Kohl’s Corporation with ticker code (KSS) have now 16 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 49 and 15 calculating the average target price we see 33.5. With the stocks previous close at 38.24 this now indicates there is a potential downside of -12.4%. The day 50 moving average is 29.5 and the 200 day moving average is 23.47. The company has a market cap of $5,821m. Visit the company website at: http://www.Kohls.com
Kohl’s Corporation operates as a retail company in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang. As of February 1, 2020, it operated 1,159 department stores; a Website Koh