Amundi Raises Stake 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 increased its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 650.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,699 shares of the company's stock after buying an additional 369,841 shares during the period. Amundi owned about 0.38% of Kohl's worth $3,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vident Advisory LLC boosted its position 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 worth $160,000 after buying an additional 967 shares in the last quarter. CWM LLC boosted 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 worth $34,000 after buying an additional 1,386 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 worth $121,000 after buying an additional 1,849 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Kohl's by 7.9% in the 4th quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock worth $357,000 after buying an additional 1,859 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 worth $26,000 after buying an additional 1,887 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl's Trading Down 5.2%

Shares of NYSE KSS traded down $0.84 on Friday, reaching $15.30. 5,778,793 shares of the company traded hands, compared to its average volume of 8,165,231. Kohl's Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $21.39. The company has a 50 day moving average of $12.83 and a 200 day moving average of $9.80. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.71 billion, a PE ratio of 8.27 and a beta of 1.74.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company'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. On average, equities research analysts forecast 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 will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.3%. Kohl's's dividend payout ratio is currently 27.03%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KSS. UBS Group boosted their target price on shares of 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 shares of Kohl's from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. Citigroup boosted their target price on shares of Kohl's from $8.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Cowen reissued a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. Finally, Evercore ISI boosted their target price on shares of Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating 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. Based on data from MarketBeat.com, the stock presently 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.