Marshall Wace LLP acquired a new stake in shares of Kohl's Co. (NYSE:KSS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,415,558 shares of the company's stock, valued at approximately $19,874,000. Marshall Wace LLP owned about 1.27% of Kohl's as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Kohl's during the fourth quarter worth approximately $26,000. Bogart Wealth LLC purchased a new stake in shares of Kohl's during the 4th quarter valued at about $35,000. KBC Group NV raised its holdings in shares of Kohl's by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after buying an additional 1,974 shares during the period. Platinum Investment Management Ltd. lifted its position in Kohl's by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Kohl's in the 4th quarter worth approximately $100,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.
Kohl's Stock Performance
Shares of KSS stock opened at $6.47 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average of $9.26 and a two-hundred day moving average of $13.55. The company has a market cap of $720.27 million, a P/E ratio of 2.91 and a beta of 1.65. Kohl's Co. has a 52 week low of $6.04 and a 52 week high of $28.25.
Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 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 firm 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 earned $1.67 EPS. The firm's revenue was down 9.4% on a year-over-year basis. As a group, analysts anticipate that Kohl's Co. will post 1.3 EPS for the current year.
Kohl's Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.73%. The ex-dividend date was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is 51.02%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on KSS. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 target price on shares of Kohl's in a research report on Tuesday, April 1st. Bank of America decreased their price objective on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group cut their price target on Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Finally, UBS Group reduced their target price 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. Six analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.71.
Check Out Our Latest Research Report on Kohl's
About Kohl's
(
Free Report)
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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