American Century Companies Inc. Buys 433,264 Shares of Kohl's Co. (NYSE:KSS)

American Century Companies Inc. increased its position in shares of Kohl's Co. (NYSE:KSS - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,134,298 shares of the company's stock after purchasing an additional 433,264 shares during the period. American Century Companies Inc. owned 3.71% of Kohl's worth $58,046,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KSS. FMR LLC raised its holdings in Kohl's by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company's stock worth $159,859,000 after purchasing an additional 740,398 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Kohl's by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock worth $13,246,000 after acquiring an additional 573,579 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Kohl's by 117.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company's stock worth $6,557,000 after acquiring an additional 252,006 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Kohl's in the third quarter valued at $4,290,000. Finally, Hestia Capital Management LLC acquired a new position in Kohl's in the fourth quarter valued at $2,790,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

NYSE KSS traded down $0.19 on Friday, reaching $8.43. The company's stock had a trading volume of 10,161,683 shares, compared to its average volume of 7,797,238. The firm's 50 day moving average is $11.31 and its two-hundred day moving average is $14.97. The stock has a market cap of $937.90 million, a PE ratio of 3.80 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl's Co. has a twelve month low of $7.96 and a twelve month high of $29.60.

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Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.25 billion. During the same period in the previous year, the firm posted $1.67 EPS. The company's quarterly revenue was down 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Friday, March 21st. Kohl's's dividend payout ratio is 51.02%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KSS. Jefferies Financial Group cut their target price on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, March 11th. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. Bank of America dropped their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, Citigroup reduced their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $12.10.

Insider Transactions at Kohl's

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company's stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Kohl's Profile

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.