Price T Rowe Associates Inc. MD Decreases Stake in Kohl's Co. (NYSE:KSS)

Price T Rowe Associates Inc. MD trimmed its position in shares of Kohl's Co. (NYSE:KSS - Free Report) by 38.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,914,130 shares of the company's stock after selling 3,016,775 shares during the period. Price T Rowe Associates Inc. MD owned about 4.41% of Kohl's worth $68,995,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KSS. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl's in the fourth quarter worth approximately $26,000. Bogart Wealth LLC bought a new stake in shares of Kohl's during the fourth quarter worth $35,000. KBC Group NV lifted its position 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 purchasing an additional 1,974 shares during the last quarter. Platinum Investment Management Ltd. boosted its stake in shares of Kohl's by 30.7% during the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after purchasing an additional 1,436 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Kohl's in the fourth quarter worth about $100,000. Institutional investors own 98.04% of the company's stock.

Wall Street Analyst Weigh In

KSS has been the topic of several recent analyst reports. Jefferies Financial Group reduced their target price on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Evercore ISI dropped their target price 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. Telsey Advisory Group lowered their price objective on shares of Kohl's from $10.00 to $9.00 and set a "market perform" rating for the company in a research note on Friday. UBS Group reduced their target price on Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research note on Wednesday, March 12th. Finally, Bank of America cut their price objective on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and an average target price of $9.54.

Kohl's Stock Performance

KSS traded up $0.31 on Friday, reaching $7.52. The stock had a trading volume of 9,994,726 shares, compared to its average volume of 8,554,744. The business's 50-day moving average price is $8.28 and its two-hundred day moving average price is $12.69. 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 Co. has a 12-month low of $6.04 and a 12-month high of $28.25. The company has a market cap of $837.16 million, a P/E ratio of 3.39 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 for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. Kohl's's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. Sell-side analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date was Friday, March 21st. Kohl's's dividend payout ratio is presently 51.02%.

Kohl's Company 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.