American Century Companies Inc. Has $36.57 Million Stake in Kohl's Corporation $KSS

Key Points

• American Century Companies Inc. increased its stake in Kohl's Corporation by 8.1%, now owning approximately 4.02% of the company, valued at around $36.57 million.
• Several hedge funds have also modified their positions, with notable increases including Bank of Montreal Can's stake by 20.3% and Guggenheim Capital LLC's by 40.3% in the recent quarter.
• Kohl's announced a quarterly dividend of $0.125 per share, reflecting an annualized yield of 3.7%, with the next payment scheduled for September 24th.

American Century Companies Inc. raised its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,470,215 shares of the company's stock after acquiring an additional 335,917 shares during the quarter. American Century Companies Inc. owned about 4.02% of Kohl's worth $36,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KSS. National Bank of Canada FI bought a new position in Kohl's in the first quarter valued at approximately $25,000. CWM LLC raised its holdings in 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 purchasing an additional 1,386 shares during the period. State of Wyoming acquired a new stake in Kohl's in the fourth quarter worth $35,000. Cheviot Value Management LLC acquired a new stake in Kohl's in the first quarter worth $36,000. Finally, Versant Capital Management Inc raised its holdings in Kohl's by 3,022.6% in the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock worth $50,000 after purchasing an additional 5,894 shares during the period. 98.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on KSS. Telsey Advisory Group reiterated a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a report on Thursday. Barclays increased their target price on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Evercore ISI cut their target price on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Nine investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $9.89.

Kohl's Stock Up 3.8%

Shares of KSS stock traded up $0.5120 during trading hours on Friday, hitting $13.8320. 6,859,336 shares of the company were exchanged, compared to its average volume of 7,435,079. The business has a 50 day moving average of $10.73 and a two-hundred day moving average of $9.43. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. Kohl's Corporation has a 52 week low of $6.04 and a 52 week high of $21.39. The company has a market capitalization of $1.55 billion, a PE ratio of 12.69 and a beta of 1.73.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. Analysts anticipate that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors 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 yield of 3.6%. Kohl's's dividend payout ratio is presently 45.87%.

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.