Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Kohl's Co. (NYSE:KSS)

Connor Clark & Lunn Investment Management Ltd. increased its stake in Kohl's Co. (NYSE:KSS - Free Report) by 155.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 943,415 shares of the company's stock after acquiring an additional 573,579 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.85% of Kohl's worth $13,246,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Kohl's by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after buying an additional 1,034 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Kohl's by 46.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company's stock valued at $2,106,000 after purchasing an additional 31,577 shares during the period. Victory Capital Management Inc. grew its stake in shares of Kohl's by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company's stock valued at $2,902,000 after buying an additional 95,398 shares during the period. Plato Investment Management Ltd acquired a new position in Kohl's during the 3rd quarter worth approximately $145,000. Finally, Empowered Funds LLC boosted its holdings in Kohl's by 3,751.8% in the third quarter. Empowered Funds LLC now owns 391,531 shares of the company's stock worth $8,261,000 after acquiring an additional 381,366 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

KSS has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their target price on Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a report on Tuesday, March 4th. Baird R W lowered shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Gordon Haskett lowered Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Kohl's presently has an average rating of "Hold" and a consensus price target of $12.10.

Kohl's Stock Up 4.3 %

Shares of NYSE:KSS traded up $0.36 during trading on Wednesday, reaching $8.69. 12,074,487 shares of the stock traded hands, compared to its average volume of 7,493,576. Kohl's Co. has a 52-week low of $7.96 and a 52-week high of $29.60. The stock has a market cap of $966.91 million, a P/E ratio of 3.91 and a beta of 1.92. The stock has a 50-day moving average of $12.01 and a two-hundred day moving average of $15.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly 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. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the firm posted $1.67 EPS. The business's quarterly revenue was down 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 5.76%. Kohl's's payout ratio is 51.02%.

Kohl's 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.