Kohl’s Co. (NYSE:KSS) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Kohl’s Co. (NYSE:KSS) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 617,217 shares of the company’s stock after acquiring an additional 55,125 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kohl’s were worth $8,666,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Kohl’s during the 4th quarter worth approximately $26,000. Bogart Wealth LLC purchased a new stake in shares of Kohl’s in the fourth quarter valued at approximately $35,000. Quest Partners LLC acquired a new position in Kohl’s during the third quarter worth $60,000. KBC Group NV raised its position in Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after acquiring an additional 1,974 shares in the last quarter. Finally, Platinum Investment Management Ltd. boosted its position in shares of Kohl’s by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Price Performance

NYSE:KSS opened at $8.43 on Friday. The firm has a market cap of $937.90 million, a price-to-earnings ratio of 3.80 and a beta of 1.92. Kohl’s Co. has a 12-month low of $7.96 and a 12-month high of $29.60. 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 company’s 50-day moving average is $11.31 and its two-hundred day moving average is $15.00.

Kohl’s (NYSE:KSS) last announced 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 firm had revenue of $5.18 billion for the quarter, compared to analyst estimates 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 last year, the business earned $1.67 earnings per share. Research analysts expect that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid a $0.125 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 5.93%. Kohl’s’s payout ratio is currently 51.02%.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research analyst reports. Bank of America cut their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group reduced 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. Robert W. Baird decreased their price target on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group reduced their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Finally, UBS Group lowered their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.10.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

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.