M&G Investment Management Ltd. Buys New Position in Kohl's Co. (NYSE:KSS)

M&G Investment Management Ltd. bought a new stake in shares of Kohl's Co. (NYSE:KSS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 293,564 shares of the company's stock, valued at approximately $8,513,000. M&G Investment Management Ltd. owned approximately 0.27% of Kohl's as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Kohl's by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,800,864 shares of the company's stock valued at $166,375,000 after acquiring an additional 366,660 shares in the last quarter. LSV Asset Management boosted its stake in Kohl's by 0.3% during the third quarter. LSV Asset Management now owns 4,397,799 shares of the company's stock valued at $92,178,000 after buying an additional 12,913 shares during the period. American Century Companies Inc. grew its position in Kohl's by 38.5% during the third quarter. American Century Companies Inc. now owns 1,686,202 shares of the company's stock worth $35,343,000 after buying an additional 468,602 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kohl's by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,501,527 shares of the company's stock worth $43,064,000 after acquiring an additional 143,443 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Kohl's by 73.7% during the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company's stock valued at $27,245,000 after acquiring an additional 551,340 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl's Trading Down 4.0 %

KSS traded down $1.07 during trading on Wednesday, hitting $25.66. 4,851,516 shares of the stock traded hands, compared to its average volume of 5,377,451. The firm has a 50-day moving average of $25.26 and a 200 day moving average of $25.75. Kohl's Co. has a 12-month low of $17.68 and a 12-month high of $29.65. The firm has a market capitalization of $2.85 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.46 and a beta of 2.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.39. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. The business had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the company posted ($2.49) EPS. Kohl's's quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Kohl's Co. will post 2.22 EPS for the current year.

Kohl's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.79%. Kohl's's payout ratio is 70.18%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KSS shares. TD Cowen raised their target price on shares of Kohl's from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Morgan Stanley increased their target price on Kohl's from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, March 13th. Telsey Advisory Group raised their price objective on Kohl's from $25.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, March 13th. Finally, Citigroup cut their target price on Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and a consensus price target of $24.20.

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.