909,741 Shares in Kohl's Co. (NYSE:KSS) Acquired by Gate City Capital Management LLC

Gate City Capital Management LLC acquired a new position in shares of Kohl's Co. (NYSE:KSS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 909,741 shares of the company's stock, valued at approximately $12,773,000. Kohl's accounts for about 7.7% of Gate City Capital Management LLC's holdings, making the stock its 7th biggest position. Gate City Capital Management LLC owned 0.82% of Kohl's at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in shares of Kohl's by 170.6% in the fourth quarter. Deutsche Bank AG now owns 278,946 shares of the company's stock worth $3,916,000 after buying an additional 175,865 shares during the period. Crestline Management LP raised its stake in shares of Kohl's by 596.8% during the fourth quarter. Crestline Management LP now owns 100,770 shares of the company's stock worth $1,415,000 after buying an additional 86,309 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Kohl's by 7.9% during the fourth quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock worth $357,000 after acquiring an additional 1,859 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Kohl's by 2.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 753,280 shares of the company's stock worth $10,576,000 after acquiring an additional 15,157 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised its position in shares of Kohl's by 544.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 404,995 shares of the company's stock valued at $5,686,000 after purchasing an additional 342,138 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Kohl's Stock Performance

Shares of KSS stock traded up $0.86 during trading hours on Monday, reaching $7.57. 12,813,120 shares of the company's stock were exchanged, compared to its average volume of 8,651,301. The company has a market cap of $842.17 million, a P/E ratio of 3.41 and a beta of 1.61. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company's 50 day moving average is $7.81 and its two-hundred day moving average is $12.17. 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 posted its quarterly 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 firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The firm's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. Equities research analysts anticipate that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's payout ratio is currently 51.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KSS shares. JPMorgan Chase & Co. dropped their price objective on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Jefferies Financial Group cut 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. Robert W. Baird dropped their price objective on shares of Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Barclays assumed coverage on shares of Kohl's in a research report on Monday, April 28th. They issued an "underweight" rating and a $4.00 price objective on the stock. Finally, Evercore ISI dropped their price objective on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.