Bank of Montreal Can Buys 4,694 Shares of Kohl’s Co. (NYSE:KSS)

Bank of Montreal Can raised its holdings in shares of Kohl’s Co. (NYSE:KSS) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,783 shares of the company’s stock after purchasing an additional 4,694 shares during the quarter. Bank of Montreal Can’s holdings in Kohl’s were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Kohl’s in the 4th quarter worth approximately $8,185,000. Dana Investment Advisors Inc. lifted its stake in shares of Kohl’s by 56.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock worth $3,554,000 after purchasing an additional 91,590 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Kohl’s by 155.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after acquiring an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. raised its stake in Kohl’s by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after purchasing an additional 42,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Kohl’s by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after purchasing an additional 55,540 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KSS. Morgan Stanley decreased their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Citigroup cut their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. decreased their target price on Kohl’s from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of Kohl’s from $7.50 to $4.00 and set a “sell” rating for the company in a research note on Tuesday. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.15.

Kohl’s Stock Performance

NYSE:KSS opened at $6.76 on Wednesday. The company has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $13.37. The company has a market cap of $752.44 million, a price-to-earnings ratio of 3.04 and a beta of 1.65. Kohl’s Co. has a 52 week low of $6.04 and a 52 week high of $28.25. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced 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. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the company earned $1.67 earnings per share. Kohl’s’s quarterly revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a $0.125 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.40%. Kohl’s’s payout ratio is currently 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.