Mathematician Neil Chriss Has Calculated Success For These Three Stocks

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Darden Restaurants, Inc. (NYSE:DRI), a full service multi-branded restaurant firm with its headquarters in Orlando, Florida, was among the stocks that attracted Chriss during the quarter. At the end of the period the investor held 800,000 shares of the stock, with a market value of $55.47 million. The restaurant holding company carries out its activities through its different brands such as Olive Garden, LongHorn Steakhouse, Bahama Breeze and Eddies V’s Prime Seafood. Darden Restaurants, Inc. (NYSE:DRI) delivered earnings per share of $0.99 in its latest results, beating Thomson Reuters’ consensus estimate of $0.84,  on revenue of $1.73 billion. In the same quarter last year, the company posted earnings per share of $0.82. Analysts have given the stock an average rating of “Buy” and forecast $2.50 in earnings per share for the current fiscal year. 29 hedge funds in our database had portions of the stock on their portfolio’s plates as of March 31, accounting for $1.06 billion in total value. Jeffrey Smith‘s Starboard Value LP, who helped drive a major shakeup at the company, came on top with 11.64 million shares of the stock, followed distantly by Chriss, and John Overdeck and David Siegel’s Two Sigma Advisors.

Finally, let us now look at Kohl’s Corporation (NYSE:KSS), in which Chriss held 705,700 shares valued at $55.22 million at the end of the first quarter of 2015. The retail chain headquartered in Menomonee Falls, Wisconsin, trades in an assortment of products, including jewelry, footwear, and clothing, among others. For greater productivity, the $12.38 billion market cap company recently created new executive positions, including the already-filled Chief Merchandising and Customer Officer and Chief Operating Officer, which are yet to be filled. Kohl’s Corporation (NYSE:KSS) has been involved in offering services to the communities where it operates and has so far raised over $274 million towards children’s initiatives across the nation. It implements these activities through Kohl’s Cares, LLC, its subsidiary. In terms of the company’s performance, it reported earnings per share of $0.63 for the quarterly period ended April 30, 2015, resulting in a surprise factor of 10.53%. Analysts expect Kohl’s Corporation (NYSE:KSS) to post much strong earnings per share of $1.16 for the quarter ending July 31. As of March 31, a total of 37 hedge funds in our database were invested in the stock, with an aggregate investment value of $917.86 million. Of the 37, six were managed by billionaires. Donald Chiboucis‘ Columbus Circle Investors and billionaire David Harding’s Winton Capital Management were among the funds that had stakes in the stock at the end of the period.

Disclosure: None

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