Cinctive Capital Management LP Makes New $4.29 Million Investment in Kohl's Co. (NYSE:KSS)

Cinctive Capital Management LP bought a new stake in Kohl's Co. (NYSE:KSS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 203,330 shares of the company's stock, valued at approximately $4,290,000. Cinctive Capital Management LP owned 0.18% of Kohl's at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KSS. Pacer Advisors Inc. raised its holdings in Kohl's by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock valued at $349,671,000 after acquiring an additional 9,925,878 shares during the last quarter. FMR LLC grew its stake in shares of Kohl's by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company's stock valued at $159,859,000 after acquiring an additional 740,398 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kohl's by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company's stock worth $147,923,000 after acquiring an additional 52,126 shares in the last quarter. American Century Companies Inc. raised its position in shares of Kohl's by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company's stock valued at $71,126,000 after acquiring an additional 643,913 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Kohl's by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company's stock worth $50,118,000 after purchasing an additional 1,694,162 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird downgraded shares of Kohl's from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Morgan Stanley decreased their target price on Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, November 25th. Gordon Haskett cut shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 price target on the stock. in a report on Tuesday, November 26th. Baird R W cut shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group decreased their price objective on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.22.

Kohl's Stock Performance

Shares of Kohl's stock traded down $0.08 during trading on Tuesday, reaching $15.35. The company's stock had a trading volume of 4,100,915 shares, compared to its average volume of 6,474,597. The business's 50-day moving average price is $18.56 and its 200-day moving average price is $20.46. Kohl's Co. has a 52 week low of $14.22 and a 52 week high of $29.60. The firm has a market cap of $1.71 billion, a PE ratio of 6.95, a P/E/G ratio of 1.46 and a beta of 1.89. 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 (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the firm posted $0.53 EPS. The firm's revenue was down 8.5% compared to the same quarter last year. Equities analysts forecast that Kohl's Co. will post 1.28 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date is Wednesday, December 11th. Kohl's's payout ratio is currently 90.09%.

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.