Norges Bank Takes Position in Kohl's Co. (NYSE:KSS)

Norges Bank purchased 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 institutional investor purchased 582,992 shares of the company's stock, valued at approximately $8,185,000. Norges Bank owned approximately 0.52% of Kohl's as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Platinum Investment Management Ltd. grew its holdings 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 last quarter. Illinois Municipal Retirement Fund raised its holdings in Kohl's by 2.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company's stock worth $842,000 after purchasing an additional 1,522 shares during the period. Impact Partnership Wealth LLC grew its holdings in Kohl's by 12.1% in the fourth quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company's stock valued at $206,000 after purchasing an additional 1,583 shares during the period. Swiss National Bank lifted its position in shares of Kohl's by 0.7% during the 4th quarter. Swiss National Bank now owns 218,800 shares of the company's stock valued at $3,072,000 after buying an additional 1,600 shares in the last quarter. Finally, Summit X LLC raised its position in Kohl's by 7.0% during the fourth quarter. Summit X LLC now owns 28,189 shares of the company's stock worth $396,000 after acquiring an additional 1,835 shares during the period. Institutional investors own 98.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on KSS. Jefferies Financial Group cut their price objective on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Citigroup decreased their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Robert W. Baird lowered their price objective on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Telsey Advisory Group reiterated a "market perform" rating and issued a $10.00 price objective on shares of Kohl's in a research report on Tuesday, April 1st. Finally, UBS Group decreased their price target on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, Kohl's has a consensus rating of "Hold" and an average target price of $11.87.

Kohl's Price Performance

KSS traded down $0.14 during midday trading on Monday, reaching $6.59. 857,237 shares of the company's stock were exchanged, compared to its average volume of 8,232,690. Kohl's Co. has a one year low of $6.04 and a one year high of $28.25. The firm has a market capitalization of $733.07 million, a price-to-earnings ratio of 2.97 and a beta of 1.65. The business has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $14.00. 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 (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 earnings per share. As a group, research analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is presently 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.