Brevan Howard Capital Management LP Acquires 342,138 Shares of Kohl's Co. (NYSE:KSS)

Brevan Howard Capital Management LP lifted its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 544.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,995 shares of the company's stock after purchasing an additional 342,138 shares during the quarter. Brevan Howard Capital Management LP owned 0.36% of Kohl's worth $5,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Kohl's in the 4th quarter worth about $26,000. Bogart Wealth LLC bought a new stake in shares of Kohl's in the fourth quarter worth approximately $35,000. KBC Group NV raised its holdings in shares of Kohl's by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after purchasing an additional 1,974 shares during the last quarter. Platinum Investment Management Ltd. lifted its position in Kohl's by 30.7% during the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after purchasing an additional 1,436 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Kohl's in the fourth quarter worth approximately $100,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

KSS has been the topic of several research analyst reports. Robert W. Baird lowered their price target on Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Barclays began coverage on Kohl's in a report on Monday, April 28th. They issued an "underweight" rating and a $4.00 target price on the stock. Evercore ISI cut their price target on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley dropped their price objective 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. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.54.

Kohl's Price Performance

NYSE KSS traded down $0.35 during trading hours on Friday, reaching $6.71. The company's stock had a trading volume of 7,462,117 shares, compared to its average volume of 8,618,446. Kohl's Co. has a 1 year low of $6.04 and a 1 year high of $28.25. 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 company has a market capitalization of $746.98 million, a price-to-earnings ratio of 3.02 and a beta of 1.61. The firm's 50-day moving average price is $7.81 and its 200-day moving average price is $12.27.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. The firm 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%. The company's quarterly 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 earnings per share. On average, equities research analysts predict that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 7.45%. Kohl's's dividend payout ratio (DPR) is 51.02%.

About Kohl's

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.