AQR Capital Management LLC Grows Stock Position 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 lifted 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 Form 13F filing with the SEC. The fund 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 about 1.59% of Kohl's worth $14,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KSS. National Bank of Canada FI acquired a new stake in shares of Kohl's in the first quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its holdings in shares of Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after purchasing an additional 1,887 shares during the last quarter. CWM LLC increased its holdings in shares of Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares during the last quarter. State of Wyoming acquired a new stake in shares of Kohl's in the fourth quarter valued at approximately $35,000. Finally, Cheviot Value Management LLC acquired a new stake in Kohl's during the first quarter worth $36,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Cowen reissued a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. Gordon Haskett raised Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. UBS Group raised their target price on Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday, August 28th. Citigroup raised their target price on Kohl's from $8.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Finally, Robert W. Baird raised their target price on Kohl's from $9.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. 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, Kohl's has an average rating of "Reduce" and a consensus price target of $12.46.

Kohl's Trading Up 4.8%

Shares of NYSE KSS traded up $0.74 during trading on Monday, reaching $16.04. The stock had a trading volume of 4,012,327 shares, compared to its average volume of 8,089,864. 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 debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36. The business's 50-day moving average price is $12.97 and its 200-day moving average price is $9.83. The company has a market cap of $1.80 billion, a P/E ratio of 8.67 and a beta of 1.74.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.37 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The company's revenue was down 5.0% on a year-over-year basis. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, equities research analysts predict that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The business 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 $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.1%. Kohl's's dividend payout ratio (DPR) is 27.03%.

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.