Kohl's Co. (NYSE:KSS) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in shares of Kohl's Co. (NYSE:KSS - Free Report) by 79.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 450,053 shares of the company's stock after selling 1,713,300 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.40% of Kohl's worth $6,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KSS. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl's during the 4th quarter worth $26,000. Bogart Wealth LLC purchased a new position in Kohl's during the 4th quarter worth $35,000. KBC Group NV grew its position in Kohl's by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after buying an additional 1,974 shares during the last quarter. Platinum Investment Management Ltd. raised its position in Kohl's by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after buying an additional 1,436 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Kohl's in the 4th quarter worth $100,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Stock Down 1.7 %

NYSE KSS traded down $0.12 during trading hours on Friday, hitting $6.73. The company had a trading volume of 10,930,163 shares, compared to its average volume of 8,251,721. The firm's 50 day moving average is $9.85 and its 200 day moving average is $14.04. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a fifty-two week low of $6.04 and a fifty-two week high of $28.25. The company has a market capitalization of $748.65 million, a price-to-earnings ratio of 3.03 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. Sell-side analysts anticipate that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's payout ratio is 51.02%.

Analyst Ratings Changes

A number of analysts recently commented on KSS shares. JPMorgan Chase & Co. decreased their price objective on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating on the stock in a report on Tuesday, March 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $10.00 price target on shares of Kohl's in a report on Tuesday, April 1st. Citigroup lowered their price objective on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group reduced 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. Finally, Robert W. Baird dropped their price objective on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $11.87.

Kohl's Company 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.