Cinctive Capital Management LP Buys 111,713 Shares of Kohl's Co. (NYSE:KSS)

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

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Kohl's in the 4th quarter valued at about $26,000. Bogart Wealth LLC bought a new stake in shares of Kohl's in the fourth quarter valued at approximately $35,000. Quarry LP grew its position in Kohl's by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company's stock worth $103,000 after buying an additional 4,241 shares in the last quarter. KBC Group NV grew its position in Kohl's by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after buying an additional 1,974 shares in the last quarter. Finally, Platinum Investment Management Ltd. increased its stake 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 acquiring an additional 1,436 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Bank of America reduced their price objective 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. UBS Group decreased their target price on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.87.

Kohl's Price Performance

Shares of NYSE KSS traded down $0.26 during mid-day trading on Tuesday, hitting $6.55. 4,285,953 shares of the stock traded hands, compared to its average volume of 8,083,885. Kohl's Co. has a twelve month low of $6.04 and a twelve month high of $28.25. The firm has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $14.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market cap of $728.84 million, a PE ratio of 2.97 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating 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 firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the firm posted $1.67 earnings per share. The business's revenue for the quarter was down 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.64%. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

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.