Millennium Management LLC Buys 94,697 Shares of Kohl's Co. (NYSE:KSS)

Millennium Management LLC lifted its holdings in shares of Kohl's Co. (NYSE:KSS - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,037,267 shares of the company's stock after buying an additional 94,697 shares during the quarter. Millennium Management LLC owned about 1.83% of Kohl's worth $28,603,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KSS. Franklin Resources Inc. lifted its stake in Kohl's by 25.6% in the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company's stock worth $872,000 after purchasing an additional 9,196 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Kohl's by 4.2% in the 4th quarter. Annex Advisory Services LLC now owns 209,226 shares of the company's stock worth $2,938,000 after purchasing an additional 8,437 shares in the last quarter. Pure Financial Advisors LLC purchased a new stake in Kohl's in the 4th quarter worth approximately $145,000. Impact Partnership Wealth LLC lifted its stake in Kohl's by 12.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company's stock worth $206,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in Kohl's by 54.1% in the 4th quarter. Crescent Grove Advisors LLC now owns 34,200 shares of the company's stock worth $480,000 after purchasing an additional 12,000 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KSS has been the topic of several research reports. Evercore ISI lowered 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 research report on Friday, May 2nd. Barclays initiated coverage on shares of Kohl's in a research report on Monday, April 28th. They set an "underweight" rating and a $4.00 price objective on the stock. Bank of America lowered their price objective on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Citigroup lowered 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. Finally, UBS Group lowered their price objective on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and a consensus price target of $9.61.

Kohl's Trading Up 3.8%

Shares of KSS stock traded up $0.30 during mid-day trading on Thursday, reaching $8.11. The stock had a trading volume of 6,487,116 shares, compared to its average volume of 8,784,218. The stock's 50-day moving average price is $7.49 and its two-hundred day moving average price is $11.68. Kohl's Co. has a 52-week low of $6.04 and a 52-week high of $27.59. The firm has a market capitalization of $902.84 million, a PE ratio of 3.65 and a beta of 1.61. 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 (NYSE:KSS - Get Free Report) last released its quarterly earnings data 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. 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 analysts' expectations of $5.25 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. Equities analysts expect that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Wednesday, June 11th. Kohl's's payout ratio is 51.02%.

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.