Kohl’s Co. (NYSE:KSS) Shares Acquired by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. increased its holdings in Kohl’s Co. (NYSE:KSS) by 30.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,108 shares of the company’s stock after purchasing an additional 1,436 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Kohl’s were worth $86,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KSS. Brown Brothers Harriman & Co. increased its stake in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Kohl’s in the fourth quarter valued at approximately $26,000. Bogart Wealth LLC acquired a new position in Kohl’s during the fourth quarter worth $35,000. Quest Partners LLC acquired a new position in Kohl’s during the third quarter worth $60,000. Finally, Quarry LP lifted its stake in Kohl’s by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company’s stock worth $103,000 after purchasing an additional 4,241 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KSS. Morgan Stanley reduced their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 12th. UBS Group dropped their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Bank of America lowered their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Finally, Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.10.

Kohl’s Stock Performance

Shares of KSS opened at $8.33 on Wednesday. Kohl’s Co. has a 12 month low of $7.96 and a 12 month high of $29.60. The company’s fifty day moving average is $12.01 and its 200-day moving average is $15.60. 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 firm has a market cap of $926.72 million, a price-to-earnings ratio of 3.75 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 for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion during 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%. The business’s revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. Equities analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s dividend payout ratio is 51.02%.

Kohl’s 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.