First Trust Advisors LP Raises Holdings in Kohl's Co. (NYSE:KSS)

First Trust Advisors LP lifted its position in shares of Kohl's Co. (NYSE:KSS - Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,435,970 shares of the company's stock after buying an additional 183,054 shares during the quarter. First Trust Advisors LP owned approximately 1.29% of Kohl's worth $20,161,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KSS. American Century Companies Inc. grew its holdings in Kohl's by 11.7% during the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock worth $58,046,000 after acquiring an additional 433,264 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Kohl's by 3.3% in the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock worth $51,190,000 after purchasing an additional 117,819 shares during the period. Invesco Ltd. boosted its stake in shares of Kohl's by 1.6% during the fourth quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock valued at $32,190,000 after purchasing an additional 36,622 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kohl's by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock valued at $24,873,000 after buying an additional 55,540 shares during the period. Finally, Marshall Wace LLP bought a new position in Kohl's in the fourth quarter worth approximately $19,874,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on KSS shares. Jefferies Financial Group dropped their target price on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Robert W. Baird decreased their price target on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Citigroup lowered their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, The Goldman Sachs Group reduced their price objective on shares of Kohl's from $7.50 to $4.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.15.

Kohl's Price Performance

NYSE KSS opened at $7.07 on Friday. The company has a market cap of $787.06 million, a price-to-earnings ratio of 3.18 and a beta of 1.65. 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 stock's fifty day moving average price is $8.77 and its 200 day moving average price is $13.12. Kohl's Co. has a 1 year low of $6.04 and a 1 year high of $28.25.

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

Kohl's Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's payout ratio is 51.02%.

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.

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