Annex Advisory Services LLC Raises Stock Position in Kohl's Corporation $KSS

Key Points

• Annex Advisory Services LLC significantly raised its stake in Kohl's Corporation by 51.2%, now owning 316,108 shares valued at approximately $2.68 million.
• Recent analyst upgrades have increased target prices for Kohl's stock, with Telsey Advisory Group raising it from $9.00 to $16.00, although the consensus rating remains cautious with an average target of $12.75.
• Kohl's declared a quarterly dividend of $0.125 per share, with an annualized yield of 2.9% and a payout ratio of 27.03%.

Annex Advisory Services LLC raised its stake in Kohl's Corporation (NYSE:KSS - Free Report) by 51.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 316,108 shares of the company's stock after buying an additional 106,976 shares during the period. Annex Advisory Services LLC owned approximately 0.28% of Kohl's worth $2,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Kohl's by 5.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company's stock valued at $201,000 after buying an additional 1,106 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Kohl's during the 1st quarter worth approximately $151,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kohl's by 14.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company's stock worth $4,006,000 after purchasing an additional 60,769 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Kohl's during the 1st quarter worth approximately $166,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Kohl's during the 1st quarter worth approximately $7,818,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KSS. Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. Telsey Advisory Group raised their price objective on shares of Kohl's from $9.00 to $16.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of Kohl's from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, August 28th. The Goldman Sachs Group raised their price objective on shares of Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a research note on Thursday, August 28th. Finally, Evercore ISI raised their target price on shares of Kohl's from $8.00 to $13.00 and gave the stock an "in-line" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $12.75.

Kohl's Stock Performance

Shares of KSS stock opened at $17.23 on Friday. The company's fifty day simple moving average is $13.59 and its 200-day simple moving average is $10.00. Kohl's Corporation has a 52 week low of $6.04 and a 52 week high of $21.39. 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 company has a market cap of $1.93 billion, a PE ratio of 9.31 and a beta of 1.74.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results 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 business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm posted $0.59 EPS. The business's revenue for the quarter 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, equities research analysts anticipate that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors 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 annualized dividend and a yield of 2.9%. Kohl's's payout ratio is 27.03%.

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.

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