Crestline Management LP Has $1.42 Million Holdings in Kohl's Co. (NYSE:KSS)

Crestline Management LP grew its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 596.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,770 shares of the company's stock after buying an additional 86,309 shares during the quarter. Crestline Management LP owned 0.09% of Kohl's worth $1,415,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's in the 4th quarter valued at $26,000. Bogart Wealth LLC acquired a new stake in shares of Kohl's in the 4th quarter valued at $35,000. KBC Group NV boosted its stake in shares of 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 purchasing an additional 1,974 shares in the last quarter. Platinum Investment Management Ltd. boosted its stake in shares of Kohl's by 30.7% in the 4th 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 in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Kohl's in the 4th quarter valued at $100,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Trading Down 2.5%

Shares of NYSE:KSS traded down $0.20 during mid-day trading on Wednesday, reaching $7.86. The stock had a trading volume of 3,805,656 shares, compared to its average volume of 10,572,280. The firm has a market cap of $875.01 million, a PE ratio of 3.54 and a beta of 1.61. The firm has a 50 day simple moving average of $7.67 and a two-hundred day simple moving average of $12.06. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl's Co. has a twelve month low of $6.04 and a twelve month high of $27.59.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the company posted $1.67 EPS. Kohl's's revenue for the quarter was down 9.4% on a year-over-year basis. On average, research 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. Investors of record on Friday, March 21st were given 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 6.36%. Kohl's's dividend payout ratio is presently 51.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KSS. Morgan Stanley decreased 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. Jefferies Financial Group decreased their price objective on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Evercore ISI decreased their price objective on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Bank of America decreased their price objective on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Finally, Citigroup decreased their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Seven investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and a consensus price target 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.