Cinctive Capital Management LP Buys 111,713 Shares of Kohl’s Co. (NYSE:KSS)

Cinctive Capital Management LP raised its stake in Kohl’s Co. (NYSE:KSS) by 54.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,043 shares of the company’s stock after acquiring an additional 111,713 shares during the period. Cinctive Capital Management LP owned approximately 0.28% of Kohl’s worth $4,423,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 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. Illinois Municipal Retirement Fund boosted its position in 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 buying an additional 1,522 shares during the period. Impact Partnership Wealth LLC boosted its position in Kohl’s by 12.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock valued at $206,000 after buying an additional 1,583 shares during the period. Swiss National Bank grew its stake in Kohl’s by 0.7% in the 4th quarter. Swiss National Bank now owns 218,800 shares of the company’s stock worth $3,072,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Summit X LLC increased its position in shares of Kohl’s by 7.0% during the fourth quarter. Summit X LLC now owns 28,189 shares of the company’s stock worth $396,000 after acquiring an additional 1,835 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Kohl’s in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group lowered their price target on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Bank of America dropped their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Six 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 has an average rating of “Hold” and a consensus target price of $11.87.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Kohl’s Price Performance

Shares of NYSE KSS opened at $8.60 on Thursday. Kohl’s Co. has a fifty-two week low of $7.96 and a fifty-two week high of $28.25. The company has a market cap of $957.39 million, a PE ratio of 3.87 and a beta of 1.92. 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 business has a 50-day simple moving average of $11.02 and a two-hundred day simple moving average of $14.77.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. As a group, equities analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 5.81%. Kohl’s’s dividend payout ratio (DPR) is 51.02%.

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.