Amundi Has $3.49 Million Holdings in Kohl's Corporation $KSS

Key Points

• Amundi increased its stake in Kohl's Corporation by 650.5% in the first quarter, acquiring an additional 369,841 shares to hold a total of 426,699 shares valued at approximately $3.49 million.
• Kohl's reported a quarterly earnings per share of $0.56, outperforming analysts' expectations of $0.33, although revenue decreased by 5% year-over-year.
• The company declared a quarterly dividend of $0.125 per share, with a yield of 3.1%, and will be paid to shareholders on September 24th.

Amundi lifted its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 650.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 426,699 shares of the company's stock after purchasing an additional 369,841 shares during the quarter. Amundi owned 0.38% of Kohl's worth $3,490,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI bought a new position in shares of Kohl's in the first quarter worth $25,000. Smartleaf Asset Management LLC grew its position in 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 buying an additional 1,887 shares in the last quarter. CWM LLC grew its position in 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. State of Wyoming bought a new position in Kohl's in the 4th quarter valued at about $35,000. Finally, Cheviot Value Management LLC bought a new position in shares of Kohl's in the first quarter valued at approximately $36,000. Institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

Shares of KSS traded up $0.57 during trading hours on Wednesday, hitting $17.22. 11,562,814 shares of the company were exchanged, compared to its average volume of 8,299,496. The company has a market capitalization of $1.93 billion, a PE ratio of 9.31 and a beta of 1.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19. The firm has a fifty day simple moving average of $13.28 and a 200-day simple moving average of $9.93. Kohl's Corporation has a one year low of $6.04 and a one year high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.23. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the company posted $0.59 EPS. The company's 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. As a group, sell-side analysts predict that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. Kohl's's dividend payout ratio (DPR) is currently 27.03%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kohl's from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Thursday, August 28th. UBS Group increased their price target on Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday, August 28th. Wall Street Zen raised Kohl's from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. The Goldman Sachs Group increased their price target on Kohl's from $7.00 to $11.00 and gave the company a "sell" rating in a research note on Thursday, August 28th. Finally, Cowen reaffirmed a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $12.46.

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.