Deutsche Bank AG Sells 259,192 Shares of Kohl's Corporation $KSS

Key Points

• Deutsche Bank AG has significantly reduced its stake in Kohl's Corporation by selling 259,192 shares, lowering its ownership by 92.9%, leaving it with 19,754 shares worth approximately $162,000.
• Kohl's reported a 5% year-over-year decline in quarterly revenue, with earnings per share of $0.56, exceeding analysts' expectations.
• The company has announced a $0.125 quarterly dividend with an annual yield of 3.3%, which is set to be paid on September 24th.

Deutsche Bank AG reduced its position in Kohl's Corporation (NYSE:KSS - Free Report) by 92.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,754 shares of the company's stock after selling 259,192 shares during the period. Deutsche Bank AG's holdings in Kohl's were worth $162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC grew its stake in Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares in the last quarter. State of Wyoming acquired a new stake in shares of Kohl's during the fourth quarter worth approximately $35,000. Cheviot Value Management LLC bought a new stake in shares of Kohl's in the first quarter worth $36,000. Versant Capital Management Inc boosted its stake in Kohl's by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock valued at $50,000 after acquiring an additional 5,894 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Kohl's by 360.2% during the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock worth $53,000 after acquiring an additional 5,053 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on KSS shares. Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a research report on Wednesday, August 27th. The Goldman Sachs Group increased their target price on Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a report on Thursday, August 28th. Wall Street Zen upgraded Kohl's from a "sell" rating to a "hold" rating in a report on Monday. UBS Group lifted their price objective on shares of Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, August 28th. Finally, Barclays boosted their target price on shares of Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, Kohl's presently has an average rating of "Reduce" and a consensus price target of $12.46.

Kohl's Stock Performance

Shares of NYSE KSS traded up $1.05 during midday trading on Tuesday, reaching $16.11. 7,227,358 shares of the company traded hands, compared to its average volume of 8,808,973. The stock has a 50-day moving average price of $11.65 and a 200 day moving average price of $9.58. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 8.71 and a beta of 1.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.14. Kohl's Corporation has a 52 week low of $6.04 and a 52 week high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm's quarterly 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. Sell-side analysts anticipate that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 10th. Kohl's's dividend payout ratio is currently 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.