AQR Capital Management LLC Increases Stake in Kohl's Corporation $KSS

Key Points

• AQR Capital Management LLC significantly increased its stake in Kohl's Corporation by purchasing 831,055 shares, bringing its ownership to approximately 1.59% of the company valued at $14.5 million.
• Kohl's reported earnings of $0.56 EPS for the last quarter, exceeding estimates, despite a 5% year-over-year revenue decline to $3.35 billion.
• The company declared a quarterly dividend of $0.125 per share, reflecting a 3.0% yield and a payout ratio of 27.03%.

AQR Capital Management LLC boosted its stake in Kohl's Corporation (NYSE:KSS - Free Report) by 88.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,774,244 shares of the company's stock after purchasing an additional 831,055 shares during the quarter. AQR Capital Management LLC owned approximately 1.59% of Kohl's worth $14,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Kohl's by 8.1% in the 1st quarter. American Century Companies Inc. now owns 4,470,215 shares of the company's stock worth $36,566,000 after purchasing an additional 335,917 shares during the period. Invesco Ltd. boosted its stake in Kohl's by 29.7% in the 1st quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after purchasing an additional 680,766 shares during the period. Two Sigma Investments LP boosted its stake in Kohl's by 4.0% in the 4th quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock worth $31,667,000 after purchasing an additional 87,235 shares during the period. Two Sigma Advisers LP boosted its stake in Kohl's by 6.0% in the 4th quarter. Two Sigma Advisers LP now owns 2,222,100 shares of the company's stock worth $31,198,000 after purchasing an additional 126,600 shares during the period. Finally, Millennium Management LLC boosted its stake in Kohl's by 4.9% in the 4th quarter. Millennium Management LLC now owns 2,037,267 shares of the company's stock worth $28,603,000 after purchasing an additional 94,697 shares during the period. Institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

NYSE:KSS traded down $0.84 during mid-day trading on Friday, reaching $15.30. The stock had a trading volume of 5,778,793 shares, compared to its average volume of 8,165,231. The firm has a 50 day moving average price of $12.83 and a two-hundred day moving average price of $9.81. The stock has a market capitalization of $1.71 billion, a P/E ratio of 8.27 and a beta of 1.74. Kohl's Corporation has a one year low of $6.04 and a one year high of $21.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.23. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.Kohl's's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, analysts expect that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Kohl's's payout ratio is 27.03%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KSS shares. Robert W. Baird lifted their price target on Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. UBS Group lifted their price target on Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, August 28th. Barclays lifted their price target on Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded Kohl's from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Telsey Advisory Group lifted their price target on Kohl's from $9.00 to $16.00 and gave the company a "market perform" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $12.46.

Kohl's 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.