Brevan Howard Capital Management LP Boosts Position in Kohl's Co. (NYSE:KSS)

Brevan Howard Capital Management LP grew its position in Kohl's Co. (NYSE:KSS - Free Report) by 544.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 404,995 shares of the company's stock after buying an additional 342,138 shares during the period. Brevan Howard Capital Management LP owned 0.36% of Kohl's worth $5,686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KSS. Norges Bank purchased a new stake in shares of Kohl's during the fourth quarter worth about $8,185,000. Dana Investment Advisors Inc. boosted its stake in Kohl's by 56.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock worth $3,554,000 after purchasing an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Kohl's by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock worth $13,246,000 after purchasing an additional 573,579 shares during the last quarter. Hussman Strategic Advisors Inc. increased its stake in Kohl's by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock valued at $1,474,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kohl's by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after buying an additional 55,540 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

Shares of NYSE KSS traded down $0.01 during trading on Wednesday, hitting $6.52. The company had a trading volume of 6,415,145 shares, compared to its average volume of 8,590,167. The firm has a market capitalization of $725.28 million, a price-to-earnings ratio of 2.93 and a beta of 1.61. The stock has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $12.46. 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 fifty-two week low of $6.04 and a fifty-two week high of $28.25.

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, beating the consensus estimate of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the business posted $1.67 earnings per share. The business's quarterly revenue was down 9.4% compared to the same quarter last year. On average, research analysts expect that Kohl's Co. will post 1.3 earnings per share for the current 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 issued a $0.125 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.67%. Kohl's's payout ratio is 51.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on KSS shares. Bank of America cut their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group dropped their target price on Kohl's from $10.00 to $9.00 and set a "market perform" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Friday, May 2nd. Finally, Robert W. Baird cut their price objective on shares of Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9.54.

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.