18,452 Shares in Kohl's Corporation $KSS Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd has acquired a new stake in Kohl's Corporation by purchasing 18,452 shares valued at approximately $151,000 during the first quarter of the year.
• Kohl's reported a quarterly EPS of $0.56, exceeding analysts' expectations, although their revenue of $3.35 billion was slightly below the consensus estimate.
• The company has set its FY 2025 guidance at EPS between 0.500 to 0.800, and currently has a consensus target price of $12.46 for its shares.

Bayforest Capital Ltd purchased a new position in shares of Kohl's Corporation (NYSE:KSS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,452 shares of the company's stock, valued at approximately $151,000.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming acquired a new stake in Kohl's during the 4th quarter worth $35,000. National Bank of Canada FI purchased a new position in shares of Kohl's during the 1st quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after acquiring an additional 1,887 shares during the period. CWM LLC raised its holdings in shares of Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares during the period. Finally, Cheviot Value Management LLC purchased a new position in shares of Kohl's during the 1st quarter worth $36,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays lifted their price target on Kohl's from $5.00 to $8.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. Citigroup lifted their price target on Kohl's from $8.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. UBS Group lifted their price target on Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, August 28th. Morgan Stanley lifted their price target on Kohl's from $5.00 to $9.00 and gave the stock an "underweight" rating in a report on Thursday. Finally, Gordon Haskett upgraded Kohl's from a "hold" rating to an "accumulate" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $12.54.

Kohl's Stock Up 3.5%

KSS traded up $0.61 on Thursday, reaching $17.85. The company's stock had a trading volume of 2,939,019 shares, compared to its average volume of 11,023,730. The stock has a 50 day moving average of $13.28 and a two-hundred day moving average of $9.93. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 9.64 and a beta of 1.74. Kohl's Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.23. The business 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%.The company's revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, analysts forecast that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. Kohl's's dividend payout ratio is presently 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.