ExodusPoint Capital Management LP Makes New Investment in Kohl's Co. (NYSE:KSS)

ExodusPoint Capital Management LP bought a new position in shares of Kohl's Co. (NYSE:KSS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 625,199 shares of the company's stock, valued at approximately $8,778,000. ExodusPoint Capital Management LP owned approximately 0.56% of Kohl's at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's during the 4th quarter worth about $26,000. Bogart Wealth LLC purchased a new stake in Kohl's during the fourth quarter worth approximately $35,000. KBC Group NV boosted its holdings in Kohl's by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after purchasing an additional 1,974 shares in the last quarter. Platinum Investment Management Ltd. increased its stake in 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 during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Kohl's during the fourth quarter worth approximately $100,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Stock Performance

Kohl's stock traded down $0.38 during trading hours on Monday, reaching $6.79. 15,044,897 shares of the stock were exchanged, compared to its average volume of 8,105,764. The stock has a market cap of $755.44 million, a P/E ratio of 3.06 and a beta of 1.65. The firm's 50 day moving average is $10.75 and its 200 day moving average is $14.57. 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 Co. has a 52-week low of $6.04 and a 52-week high of $28.25.

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Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the business posted $1.67 EPS. The company's revenue for the quarter was down 9.4% on a year-over-year basis. Analysts predict that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio is currently 51.02%.

Analysts Set New Price Targets

A number of research analysts recently commented on KSS shares. Citigroup dropped their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Bank of America cut their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price target on Kohl's from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 11th. UBS Group reduced their price objective on Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered their target price on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a research report on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $11.87.

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.