Kohl's Co. (NYSE:KSS) Shares Sold by AXQ Capital LP

AXQ Capital LP lowered its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,699 shares of the company's stock after selling 49,293 shares during the quarter. AXQ Capital LP's holdings in Kohl's were worth $740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC lifted its position in Kohl's by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company's stock worth $159,859,000 after acquiring an additional 740,398 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Kohl's by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock worth $13,246,000 after purchasing an additional 573,579 shares during the period. American Century Companies Inc. lifted its holdings in shares of Kohl's by 11.7% during the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock worth $58,046,000 after purchasing an additional 433,264 shares during the period. Commonwealth Equity Services LLC grew its position in Kohl's by 117.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company's stock valued at $6,557,000 after buying an additional 252,006 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Kohl's by 180.3% in the 3rd quarter. Quantbot Technologies LP now owns 334,150 shares of the company's stock valued at $7,051,000 after buying an additional 214,956 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Insider Activity at Kohl's

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

Wall Street Analyst Weigh In

KSS has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a research note on Tuesday, March 4th. Morgan Stanley reduced their price objective on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird dropped their target price on Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Bank of America cut their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group decreased their price target on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and an average target price of $12.10.

Kohl's Trading Down 3.7 %

NYSE KSS traded down $0.33 during mid-day trading on Thursday, hitting $8.62. The company's stock had a trading volume of 8,704,549 shares, compared to its average volume of 7,647,234. The firm has a market capitalization of $959.84 million, a P/E ratio of 3.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a 52-week low of $7.96 and a 52-week high of $29.60. The stock's fifty day simple moving average is $11.48 and its two-hundred day simple moving average is $15.16.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 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 business 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 revenue for the quarter was down 9.4% compared to the same quarter last year. Research analysts expect that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.125 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.80%. Kohl's's dividend payout ratio (DPR) is currently 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.