Dimensional Fund Advisors LP Cuts Holdings in Kohl’s Co. (NYSE:KSS)

Dimensional Fund Advisors LP cut its holdings in Kohl’s Co. (NYSE:KSS) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,858,046 shares of the company’s stock after selling 26,097 shares during the quarter. Dimensional Fund Advisors LP owned 5.26% of Kohl’s worth $82,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl’s during the 4th quarter worth $26,000. Bogart Wealth LLC purchased a new stake in Kohl’s during the fourth quarter worth about $35,000. KBC Group NV grew its position in 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 buying an additional 1,974 shares during the period. Platinum Investment Management Ltd. increased its holdings in Kohl’s by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock valued at $86,000 after buying an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Kohl’s during the 4th quarter valued at approximately $100,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

KSS has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price objective on shares of Kohl’s in a research note on Tuesday, April 1st. The Goldman Sachs Group cut their price target on Kohl’s from $7.50 to $4.00 and set a “sell” rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird dropped their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Citigroup reduced their price target on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, April 14th. Seven research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.64.

Kohl’s Price Performance

Shares of Kohl’s stock opened at $6.81 on Wednesday. The stock has a market capitalization of $758.12 million, a P/E ratio of 3.07 and a beta of 1.65. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average price is $8.58 and its 200 day moving average price is $12.95. Kohl’s Co. has a twelve month low of $6.04 and a twelve month high of $28.25.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. The business 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%. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. As a group, research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a dividend of $0.125 per share. The ex-dividend date was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.34%. Kohl’s’s payout ratio is 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.