Alyeska Investment Group L.P. Invests $13.49 Million in Kohl's Corporation $KSS

Key Points

• Alyeska Investment Group acquired 761,104 Kohl’s shares worth approximately $13.49 million, representing about 0.67% of the retailer. Institutional investors and hedge funds collectively own 98.04% of the stock.
• Kohl’s reported quarterly EPS of $1.28, exceeding the $0.58 analyst consensus, while revenue reached $3.52 billion versus expectations of $3.32 billion. Despite the earnings beat, analysts’ consensus rating remains “Reduce,” with an average price target of $16.17.
• Kohl’s declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 2.8% yield; the dividend is scheduled for payment on September 23 to shareholders of record as of September 9.

Alyeska Investment Group L.P. acquired a new stake in Kohl's Corporation (NYSE:KSS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 761,104 shares of the company's stock, valued at approximately $13,487,000. Alyeska Investment Group L.P. owned approximately 0.67% of Kohl's at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Kohl's by 3.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,677 shares of the company's stock worth $614,000 after buying an additional 1,077 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Kohl's during the second quarter valued at $47,000. Range Financial Group LLC lifted its holdings in Kohl's by 265.0% during the 2nd quarter. Range Financial Group LLC now owns 68,613 shares of the company's stock worth $1,216,000 after buying an additional 49,813 shares during the period. Annex Advisory Services LLC acquired a new position in shares of Kohl's in the second quarter worth approximately $496,000. Finally, Bay Rivers Group acquired a new position in shares of Kohl's in the second quarter worth approximately $555,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jennifer J. Kent sold 22,942 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $20.00, for a total value of $458,840.00. Following the transaction, the executive vice president directly owned 234,452 shares in the company, valued at $4,689,040. This trade represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KSS. Zacks Research upgraded shares of Kohl's from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. Gordon Haskett lowered shares of Kohl's from a "buy" rating to a "hold" rating and set a $14.00 target price on the stock. in a report on Friday, May 15th. TD Cowen upped their price target on shares of Kohl's from $13.50 to $16.00 and gave the company a "hold" rating in a research report on Monday, June 8th. Weiss Ratings upgraded Kohl's from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Finally, Robert W. Baird lifted their price objective on Kohl's from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $16.17.

Kohl's Trading Up 1.7%

KSS opened at $17.80 on Tuesday. Kohl's Corporation has a 1-year low of $11.38 and a 1-year high of $25.22. The company has a current ratio of 1.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.02 billion, a P/E ratio of 7.77 and a beta of 1.40. The company has a fifty day moving average price of $18.25 and a two-hundred day moving average price of $16.03.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.70. The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.32 billion. Kohl's had a net margin of 1.75% and a return on equity of 6.75%. The business's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. Kohl's has set its FY 2026 guidance at 1.800-2.400 EPS. Analysts predict that Kohl's Corporation will post 1.93 EPS for the current fiscal year.

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 9th. Kohl's's dividend payout ratio is presently 21.83%.

About Kohl's

Kohl's Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl's has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer's merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.

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