Kohl's Co. (NYSE:KSS) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,435,970 shares of the company's stock after acquiring an additional 183,054 shares during the quarter. First Trust Advisors LP owned 1.29% of Kohl's worth $20,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KSS. SBI Securities Co. Ltd. purchased a new stake in Kohl's during the 4th quarter worth about $26,000. Bogart Wealth LLC acquired a new position in shares of Kohl's during the fourth quarter worth about $35,000. KBC Group NV increased its stake in shares of Kohl's by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after buying an additional 1,974 shares during the period. Platinum Investment Management Ltd. raised its holdings in Kohl's by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Kohl's in the fourth quarter valued at approximately $100,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl's Stock Performance

Kohl's stock traded down $0.11 during midday trading on Wednesday, hitting $6.71. 5,312,072 shares of the company's stock were exchanged, compared to its average volume of 8,432,733. The firm's 50 day simple moving average is $8.58 and its 200 day simple moving average is $12.95. 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 1.65.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business's revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share. Equities research analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued 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 was Friday, March 21st. Kohl's's dividend payout ratio is presently 51.02%.

Analyst Upgrades and Downgrades

KSS has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price objective on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Barclays assumed coverage on Kohl's in a report on Monday. They set an "underweight" rating and a $4.00 price target for the company. Citigroup cut their target price on 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, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price target on shares of Kohl's in a report on Tuesday, April 1st. Seven investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.64.

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.