Kohl's Co. (NYSE:KSS) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Kohl's Co. (NYSE:KSS - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 617,217 shares of the company's stock after purchasing an additional 55,125 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.55% of Kohl's worth $8,666,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $26,000. Bogart Wealth LLC bought a new stake in shares of Kohl's during the 4th quarter worth approximately $35,000. Quest Partners LLC purchased a new position in Kohl's during the 3rd quarter valued at $60,000. KBC Group NV grew its position in Kohl's by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after acquiring an additional 1,974 shares during the last quarter. Finally, 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 worth $86,000 after purchasing an additional 1,436 shares during the period. Institutional investors own 98.04% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KSS. Bank of America lowered their target price on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, March 11th. UBS Group reduced their target price on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price objective on shares of Kohl's in a research note on Tuesday. Finally, Morgan Stanley reduced their price objective on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Kohl's presently has an average rating of "Hold" and a consensus price target of $11.87.

Insider Activity at Kohl's

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm'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 of the company's stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by insiders.

Kohl's Stock Down 26.0 %

KSS traded down $2.24 on Thursday, hitting $6.36. The company had a trading volume of 15,278,592 shares, compared to its average volume of 7,888,766. Kohl's Co. has a 12-month low of $6.32 and a 12-month high of $28.25. The stock has a fifty day moving average price of $11.02 and a 200-day moving average price of $14.77. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market capitalization of $708.02 million, a price-to-earnings ratio of 2.86 and a beta of 1.92.

Kohl's (NYSE:KSS - Get Free Report) last released 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 the consensus estimate of $5.25 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. Kohl's's revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. Analysts predict that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.86%. 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.