Kohl’s Corporation (KSS) Reports Disappointing Q2 Performance: Do Hedge Funds Like The Stock?

What does the smart money think about Kohl’s Corporation (NYSE:KSS)?

There was bullishness for Kohl’s Corporation (NYSE:KSS) during the first quarter among the hedge funds we follow. There were six more hedge funds with long positions in the stock by the end of March, for a total of 37 hedge funds among the over 700 we follow. Furthermore, there was a 47.34% increase quarter-over-quarter in hedge fund holdings, a significant growth in investment even with the 28.19% spike of the stock in the first quarter. A total of 5.8% of the firm’s stock was owned by the hedge funds we follow on March 31.

Donald Chiboucis’ Columbus Circle Investors owns about 2.5 million shares of Kohl’s Corporation (NYSE:KSS) as of June 30, down from 2.74 million shares on March 31, the largest hedge fund stake in the firm at that time among those we track. Hutchin Hill Capital, managed by Neil Chriss, bought 705,700 Kohl’s shares worth about $55.2 million in the first quarter, the largest new hedge fund stake in that period.

With an overall bullish view from hedge funds, we also recommend a long position on Kohl’s Corporation (NYSE:KSS).

Disclosure: None