Allianz Asset Management GmbH Increases Position in Kohl's Corporation $KSS

Key Points

• Allianz Asset Management GmbH increased its stake in Kohl's Corporation by 21.0%, owning 4,303,123 shares valued at approximately $36.49 million after purchasing an additional 745,543 shares.
• Kohl's reported an EPS of $0.56 for the recent quarter, exceeding the consensus estimate of $0.33, although revenue was down by 5% compared to the previous year.
• The company declared a quarterly dividend of $0.125, reflecting a 3.2% annualized yield, with a payout ratio of 27.03% as per their most recent disclosures.

Allianz Asset Management GmbH raised its position in Kohl's Corporation (NYSE:KSS - Free Report) by 21.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,303,123 shares of the company's stock after purchasing an additional 745,543 shares during the quarter. Allianz Asset Management GmbH owned 3.84% of Kohl's worth $36,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in Kohl's in the first quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after acquiring an additional 1,887 shares in the last quarter. CWM LLC grew its stake in shares of Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Kohl's in the first quarter worth $36,000. Finally, Twin Tree Management LP acquired a new position in shares of Kohl's in the first quarter worth $37,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Stock Performance

NYSE:KSS opened at $15.44 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of 8.35 and a beta of 1.71. The business's fifty day moving average price is $15.45 and its 200 day moving average price is $10.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19. Kohl's Corporation has a 12 month low of $6.04 and a 12 month high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.33 by $0.23. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.Kohl's's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, sell-side analysts anticipate that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, September 10th. Kohl's's dividend payout ratio is currently 27.03%.

Analyst Upgrades and Downgrades

Several research firms have commented on KSS. Citigroup boosted their price target on shares of Kohl's from $16.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Barclays boosted their price target on shares of Kohl's from $5.00 to $8.00 and gave the stock an "underweight" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. boosted their price target on shares of Kohl's from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, August 28th. Morgan Stanley boosted their price target on shares of Kohl's from $5.00 to $9.00 and gave the stock an "underweight" rating in a research note on Thursday, September 18th. Finally, Evercore ISI boosted their price target on shares of Kohl's from $8.00 to $13.00 and gave the stock an "in-line" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $12.75.

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.

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