Kohl’s Co. (NYSE:KSS) Shares Bought by Cinctive Capital Management LP

Cinctive Capital Management LP raised its holdings in Kohl’s Co. (NYSE:KSS) by 54.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 315,043 shares of the company’s stock after acquiring an additional 111,713 shares during the period. Cinctive Capital Management LP’s holdings in Kohl’s were worth $4,423,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in shares of Kohl’s by 128.5% in the fourth quarter. Franklin Resources Inc. now owns 103,236 shares of the company’s stock worth $1,449,000 after buying an additional 58,057 shares during the last quarter. Summit Securities Group LLC lifted its holdings in Kohl’s by 694.4% in the fourth quarter. Summit Securities Group LLC now owns 14,300 shares of the company’s stock valued at $201,000 after acquiring an additional 12,500 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Kohl’s in the 4th quarter worth approximately $241,000. Norges Bank acquired a new stake in shares of Kohl’s during the 4th quarter worth approximately $8,185,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Kohl’s during the 4th quarter valued at approximately $1,050,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Trading Up 4.1 %

Shares of KSS opened at $8.60 on Thursday. The firm’s fifty day moving average is $11.02 and its two-hundred day moving average is $14.77. The stock has a market cap of $957.39 million, a PE ratio of 3.87 and a beta of 1.92. 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 52-week low of $7.96 and a 52-week high of $28.25.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share 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 analyst estimates of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. Research analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal 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 $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.81%. Kohl’s’s dividend payout ratio is presently 51.02%.

Analysts Set New Price Targets

KSS has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target 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. UBS Group lowered 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 note on Wednesday, March 12th. Citigroup cut their price target on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Robert W. Baird lowered their price target 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. Finally, The Goldman Sachs Group dropped their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.87.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Kohl’s 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.