Franklin Resources Inc. Has $1.45 Million Holdings in Kohl's Co. (NYSE:KSS)

Franklin Resources Inc. grew its position in shares of Kohl's Co. (NYSE:KSS - Free Report) by 128.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,236 shares of the company's stock after buying an additional 58,057 shares during the quarter. Franklin Resources Inc. owned 0.09% of Kohl's worth $1,449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $8,185,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Kohl's by 155.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock valued at $13,246,000 after purchasing an additional 573,579 shares during the period. American Century Companies Inc. lifted its position 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. Commonwealth Equity Services LLC boosted its stake in shares of Kohl's by 117.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company's stock valued at $6,557,000 after purchasing an additional 252,006 shares during the period. Finally, Hestia Capital Management LLC purchased a new stake in shares of Kohl's during the fourth quarter worth about $2,790,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

KSS has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Citigroup lowered 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 note on Monday, March 17th. Bank of America cut their price objective on Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group decreased their price target on Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, Kohl's currently has an average rating of "Hold" and a consensus target price of $11.71.

Kohl's Stock Up 5.5 %

Shares of Kohl's stock traded up $0.34 on Friday, hitting $6.47. 9,837,621 shares of the company traded hands, compared to its average volume of 8,340,312. 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 Co. has a 12-month low of $6.04 and a 12-month high of $28.25. The company has a 50-day moving average price of $9.26 and a 200 day moving average price of $13.55. The company has a market cap of $720.27 million, a PE ratio of 2.91 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business's revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. Sell-side analysts predict that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Cuts Dividend

The business also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date was Friday, March 21st. Kohl's's dividend payout ratio is 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.