1,424,250 Shares in Kohl's Corporation $KSS Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. has made a significant move by acquiring a new position in Kohl's Corporation, purchasing 1,424,250 shares valued at approximately $11.65 million.
• Multiple hedge funds have recently adjusted their stakes in Kohl's, with 98.04% of the stock owned by institutional investors, reflecting growing confidence among major investors.
• Kohl's reported $0.56 EPS for the last quarter, exceeding expectations, while it also announced a quarterly dividend of $0.125, translating to an annual yield of 3.0%.

Alyeska Investment Group L.P. acquired a new stake in Kohl's Corporation (NYSE:KSS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,424,250 shares of the company's stock, valued at approximately $11,650,000. Alyeska Investment Group L.P. owned 1.28% of Kohl's at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vident Advisory LLC lifted its stake in shares of Kohl's by 9.3% in the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock valued at $160,000 after purchasing an additional 967 shares during the period. CWM LLC increased its position in shares of Kohl's by 49.7% in the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Kohl's by 14.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company's stock valued at $121,000 after buying an additional 1,849 shares in the last quarter. Cetera Investment Advisers increased its holdings in Kohl's by 7.9% during the 4th quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock worth $357,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Kohl's by 161.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after acquiring an additional 1,887 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl's Trading Down 2.3%

KSS traded down $0.38 during trading on Wednesday, reaching $16.12. 1,162,437 shares of the stock traded hands, compared to its average volume of 11,170,365. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.81 billion, a PE ratio of 8.71 and a beta of 1.74. The stock's 50-day moving average is $12.44 and its 200 day moving average is $9.73. 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 announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business's quarterly revenue was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. Equities analysts anticipate that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. Kohl's's dividend payout ratio is currently 27.03%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KSS. Cowen restated a "hold" rating on shares of Kohl's in a research report on Thursday, August 28th. Evercore ISI boosted their price objective on shares of Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating in a research report on Thursday, August 28th. The Goldman Sachs Group boosted their price objective on shares of Kohl's from $7.00 to $11.00 and gave the company a "sell" rating in a research report on Thursday, August 28th. Citigroup boosted their price objective on shares of Kohl's from $8.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of Kohl's from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $12.46.

About Kohl's

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.