Bridgeway Capital Management LLC Sells 16,754 Shares of Kohl's Corporation $KSS

Key Points

• Bridgeway Capital Management LLC reduced its stake in Kohl's Corporation by 2.2%, selling 16,754 shares and now owns 736,526 shares valued at $6,025,000.
• Kohl's reported a quarterly earnings per share (EPS) of $0.56, exceeding analysts' expectations of $0.33, although revenue fell short, at $3.35 billion.
• The company announced a quarterly dividend of $0.125, equating to an annualized yield of 3.0%, with a dividend payout ratio of 27.03%.

Bridgeway Capital Management LLC lessened its holdings in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 736,526 shares of the company's stock after selling 16,754 shares during the quarter. Bridgeway Capital Management LLC owned 0.66% of Kohl's worth $6,025,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vident Advisory LLC raised its stake in Kohl's by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock worth $160,000 after buying an additional 967 shares during the period. CWM LLC raised its stake in 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 buying an additional 1,386 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Kohl's by 14.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company's stock worth $121,000 after buying an additional 1,849 shares during the period. Cetera Investment Advisers raised its stake in Kohl's by 7.9% during the 4th quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock worth $357,000 after buying an additional 1,859 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 1,887 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KSS. JPMorgan Chase & Co. increased their target price on Kohl's from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. Robert W. Baird raised their price objective on Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Gordon Haskett upgraded Kohl's from a "hold" rating to an "accumulate" rating in a report on Wednesday, August 27th. Evercore ISI raised their price objective on Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating in a report on Thursday, August 28th. Finally, Barclays raised their price objective on Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $12.46.

Kohl's Stock Performance

NYSE:KSS traded down $0.61 during mid-day trading on Wednesday, hitting $15.90. The stock had a trading volume of 1,309,677 shares, compared to its average volume of 11,171,617. Kohl's Corporation has a twelve month low of $6.04 and a twelve month high of $21.39. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 8.66 and a beta of 1.74. The company's 50 day simple moving average is $12.44 and its 200 day simple moving average is $9.73. 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 issued its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share (EPS) 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 net margin of 1.31% and a return on equity of 4.62%. Kohl's's revenue was down 5.0% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, equities research analysts forecast that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 10th. Kohl's's payout ratio is presently 27.03%.

About Kohl's

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.