Marshall Wace LLP Invests $19.87 Million in Kohl's Co. (NYSE:KSS)

Marshall Wace LLP bought a new position in Kohl's Co. (NYSE:KSS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,415,558 shares of the company's stock, valued at approximately $19,874,000. Marshall Wace LLP owned about 1.27% of Kohl's as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KSS. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Kohl's by 1.7% during the 4th 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings 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 purchasing an additional 1,232 shares in the last quarter. Platinum Investment Management Ltd. raised its stake in Kohl's by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after acquiring an additional 1,436 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Kohl's by 2.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company's stock valued at $842,000 after purchasing an additional 1,522 shares during 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. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Trading Up 1.2 %

KSS stock traded up $0.09 during midday trading on Friday, reaching $7.12. The company's stock had a trading volume of 2,399,901 shares, compared to its average volume of 10,793,142. The business's 50-day simple moving average is $8.87 and its 200-day simple moving average is $13.24. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl's Co. has a 52 week low of $6.04 and a 52 week high of $28.25. The stock has a market cap of $792.07 million, a PE ratio of 3.20 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm's quarterly revenue was down 9.4% compared to the same quarter last year. As a group, sell-side analysts expect 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. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.03%. Kohl's's dividend payout ratio is 51.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. UBS Group dropped 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 note on Wednesday, March 12th. Bank of America decreased their target price on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group reduced their price objective on Kohl's from $7.50 to $4.00 and set a "sell" rating for the company in a research note on Tuesday. Finally, Robert W. Baird decreased their price objective on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat, Kohl's currently has an average rating of "Hold" and an average target price of $11.15.

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.