625,199 Shares in Kohl's Co. (NYSE:KSS) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in Kohl's Co. (NYSE:KSS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 625,199 shares of the company's stock, valued at approximately $8,778,000. ExodusPoint Capital Management LP owned approximately 0.56% of Kohl's as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KSS. American Century Companies Inc. boosted its position in Kohl's by 11.7% in the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock valued at $58,046,000 after buying an additional 433,264 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Kohl's by 3.3% in the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock valued at $51,190,000 after buying an additional 117,819 shares during the period. Geode Capital Management LLC increased its stake in shares of Kohl's by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock valued at $38,541,000 after acquiring an additional 91,608 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kohl's by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after acquiring an additional 55,540 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Kohl's by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock valued at $13,246,000 after purchasing an additional 573,579 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Price Performance

NYSE:KSS traded down $0.97 during trading hours on Thursday, reaching $6.79. 5,437,579 shares of the company were exchanged, compared to its average volume of 8,202,292. The business has a 50 day moving average of $10.10 and a 200 day moving average of $14.22. The company has a market capitalization of $755.89 million, a P/E ratio of 3.08 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a 1-year low of $6.04 and a 1-year high of $28.25.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the company posted $1.67 earnings per share. The business's revenue for the quarter was down 9.4% on a year-over-year basis. Research analysts forecast that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 dividend on an annualized basis and a yield of 7.36%. Kohl's's dividend payout ratio is currently 51.02%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 12th. Citigroup lowered their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Bank of America lowered their price objective on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group decreased their price objective on Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a report on Tuesday, March 4th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $10.00 target price on shares of Kohl's in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, Kohl's currently has a consensus rating of "Hold" and an average target price of $11.87.

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.