Bayforest Capital Ltd Buys New Stake in Kohl's Corporation $KSS

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 bought a new stake in Kohl's Corporation (NYSE:KSS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,452 shares of the company's stock, valued at approximately $151,000.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in Kohl's in the first quarter valued at $25,000. Smartleaf Asset Management LLC grew its holdings in shares of Kohl's by 161.8% during the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after purchasing an additional 1,887 shares during the last quarter. CWM LLC grew its holdings in shares of Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after purchasing an additional 1,386 shares during the last quarter. State of Wyoming purchased a new position in shares of Kohl's during the fourth quarter worth about $35,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Kohl's during the first quarter worth about $36,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

Shares of KSS opened at $15.30 on Friday. 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 market capitalization of $1.71 billion, a price-to-earnings ratio of 8.27 and a beta of 1.74. The firm has a 50-day simple moving average of $12.83 and a 200-day simple moving average of $9.83. 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 announced 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. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The firm's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, equities research analysts anticipate that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given 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 3.3%. Kohl's's dividend payout ratio (DPR) is presently 27.03%.

Analysts Set New Price Targets

Several equities analysts have issued reports on KSS shares. Telsey Advisory Group raised their price objective on Kohl's from $9.00 to $16.00 and gave the stock a "market perform" rating in a report on Wednesday, August 27th. Robert W. Baird raised their price objective on Kohl's from $9.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. raised their price objective on Kohl's from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. The Goldman Sachs Group raised their price objective on Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a report on Thursday, August 28th. Finally, Evercore ISI raised their price objective on Kohl's from $8.00 to $13.00 and gave the stock an "in-line" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, Kohl's presently has a consensus rating of "Reduce" and a consensus target price of $12.46.

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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