Canada Pension Plan Investment Board Decreases Holdings in Kohl's Co. (NYSE:KSS)

Canada Pension Plan Investment Board lowered its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 52.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,200 shares of the company's stock after selling 63,900 shares during the period. Canada Pension Plan Investment Board owned 0.05% of Kohl's worth $817,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's during the 4th quarter valued at about $26,000. Bogart Wealth LLC acquired a new position in Kohl's in the 4th quarter valued at about $35,000. KBC Group NV grew its stake in shares of 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 period. Platinum Investment Management Ltd. increased its holdings in shares of 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 purchased a new stake in shares of Kohl's during the 4th quarter valued at approximately $100,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl's Stock Up 0.6 %

Kohl's stock traded up $0.04 during mid-day trading on Friday, reaching $7.07. 7,517,000 shares of the company's stock were exchanged, compared to its average volume of 8,440,489. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl's Co. has a twelve month low of $6.04 and a twelve month high of $28.25. The company has a market cap of $787.06 million, a P/E ratio of 3.18 and a beta of 1.65. The company has a fifty day moving average of $8.77 and a 200-day moving average of $13.12.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to analysts' expectations 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 period last year, the firm earned $1.67 earnings per share. Sell-side analysts expect that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's payout ratio is presently 51.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Jefferies Financial Group lowered their price objective on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Robert W. Baird lowered their price target on Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 price objective on shares of Kohl's in a report on Tuesday, April 1st. Morgan Stanley lowered their target price on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.15.

About Kohl's

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.