Cinctive Capital Management LP Increases Holdings in Kohl's Co. (NYSE:KSS)

Cinctive Capital Management LP boosted its stake in Kohl's Co. (NYSE:KSS - Free Report) by 54.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 315,043 shares of the company's stock after buying an additional 111,713 shares during the period. Cinctive Capital Management LP owned approximately 0.28% of Kohl's worth $4,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Platinum Investment Management Ltd. grew its holdings in shares of Kohl's by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after purchasing an additional 1,436 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Kohl's by 2.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company's stock valued at $842,000 after buying an additional 1,522 shares during the last quarter. Impact Partnership Wealth LLC increased its position in shares of Kohl's by 12.1% during the fourth quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company's stock worth $206,000 after purchasing an additional 1,583 shares in the last quarter. Swiss National Bank raised its position in Kohl's by 0.7% in the 4th quarter. Swiss National Bank now owns 218,800 shares of the company's stock valued at $3,072,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Summit X LLC lifted its position in Kohl's by 7.0% during the 4th quarter. Summit X LLC now owns 28,189 shares of the company's stock worth $396,000 after acquiring an additional 1,835 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Remove Ads

Kohl's Price Performance

KSS traded up $0.51 on Friday, reaching $7.15. The stock had a trading volume of 25,834,071 shares, compared to its average volume of 8,077,905. The firm has a 50-day moving average of $10.75 and a 200-day moving average of $14.63. 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 $795.41 million, a price-to-earnings ratio of 3.22 and a beta of 1.92. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. The firm 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 business's quarterly revenue was down 9.4% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. As a group, sell-side analysts anticipate that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is currently 51.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KSS. Morgan Stanley dropped their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Jefferies Financial Group decreased their target price on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Bank of America reduced their price objective on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group cut their price target on Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a research note on Tuesday, March 4th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $10.00 price objective on shares of Kohl's in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.