Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in Kohl’s Co. (NYSE:KSS)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Kohl’s Co. (NYSE:KSS) by 155.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 943,415 shares of the company’s stock after acquiring an additional 573,579 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.85% of Kohl’s worth $13,246,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the last quarter. Farther Finance Advisors LLC increased its position in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Kohl’s by 2.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock worth $842,000 after buying an additional 1,522 shares during the last quarter. Impact Partnership Wealth LLC increased its position in Kohl’s by 12.1% in the fourth 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. Finally, Summit X LLC boosted its holdings in shares of Kohl’s by 7.0% in 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. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. The Goldman Sachs Group cut their price target on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 price target on shares of Kohl’s in a report on Tuesday. Finally, Morgan Stanley cut their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Kohl’s Trading Down 2.4 %

Shares of KSS stock opened at $8.02 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $12.23 and a two-hundred day moving average price of $15.81. Kohl’s Co. has a 12-month low of $7.96 and a 12-month high of $29.60. The firm has a market cap of $892.33 million, a P/E ratio of 3.61 and a beta of 1.92.

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

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.24%. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’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 transaction, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

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.