Crestline Management LP Purchases 86,309 Shares of Kohl's Co. (NYSE:KSS)

Crestline Management LP lifted its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 596.8% in the fourth quarter, according to the company in its most recent disclosure 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 approximately 0.09% of Kohl's worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KSS. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Kohl's by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company's stock worth $830,000 after acquiring an additional 972 shares during the period. Russell Investments Group Ltd. grew its position in Kohl's by 7.6% in the fourth quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock valued at $246,000 after acquiring an additional 1,232 shares in the last quarter. Platinum Investment Management Ltd. boosted its stake in shares of Kohl's by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after buying an additional 1,436 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Kohl's by 2.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company's stock valued at $842,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Impact Partnership Wealth LLC grew its stake in Kohl's by 12.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company's stock worth $206,000 after buying an additional 1,583 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl's Stock Performance

Kohl's stock traded down $0.35 during midday trading on Friday, hitting $6.71. 7,462,117 shares of the company's stock were exchanged, compared to its average volume of 8,634,541. The firm's 50 day simple moving average is $7.81 and its 200 day simple moving average is $12.17. Kohl's Co. has a 12-month low of $6.04 and a 12-month high of $28.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market cap of $746.98 million, a price-to-earnings ratio of 3.02 and a beta of 1.61.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. The company 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%. The firm's quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. Equities research analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KSS shares. Jefferies Financial Group decreased their price target on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Barclays assumed coverage on Kohl's in a report on Monday, April 28th. They set an "underweight" rating and a $4.00 price objective on the stock. Citigroup cut their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group raised their price target on Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and a consensus price target of $9.54.

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.