FORA Capital LLC Makes New Investment in Kohl's Corporation $KSS

Key Points

• FORA Capital LLC has invested approximately $376,000 in Kohl's Corporation by acquiring 45,923 shares during the first quarter, according to their recent SEC filing.
• Kohl's reported an earnings per share (EPS) of $0.56, surpassing the consensus estimate of $0.33, despite a 5.0% decline in revenue year-over-year.
• The company declared a $0.125 quarterly dividend, translating to an annualized yield of 3.2% for shareholders.

FORA Capital LLC bought a new stake in Kohl's Corporation (NYSE:KSS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 45,923 shares of the company's stock, valued at approximately $376,000.

Several other hedge funds have also recently added to or reduced their stakes in KSS. Raymond James Financial Inc. acquired a new stake in Kohl's in the fourth quarter valued at approximately $330,000. State of Tennessee Department of Treasury boosted its holdings in Kohl's by 30.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 36,493 shares of the company's stock valued at $512,000 after purchasing an additional 8,469 shares in the last quarter. Stifel Financial Corp boosted its holdings in Kohl's by 38.2% in the fourth quarter. Stifel Financial Corp now owns 66,442 shares of the company's stock valued at $933,000 after purchasing an additional 18,352 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Kohl's by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 99,967 shares of the company's stock valued at $1,394,000 after purchasing an additional 5,285 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Kohl's by 14.7% in the fourth quarter. Northern Trust Corp now owns 890,188 shares of the company's stock valued at $12,498,000 after purchasing an additional 113,875 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Price Performance

Shares of KSS traded down $0.26 during mid-day trading on Friday, reaching $15.11. 5,698,869 shares of the company's stock were exchanged, compared to its average volume of 9,200,296. 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 50-day simple moving average of $11.35 and a two-hundred day simple moving average of $9.51. Kohl's Corporation has a 52-week low of $6.04 and a 52-week high of $21.39. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 8.17 and a beta of 1.74.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.33 by $0.23. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.The firm's revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, sell-side analysts predict that Kohl's Corporation will post 1.3 EPS for the current fiscal 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 issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.3%. Kohl's's payout ratio is 27.03%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded Kohl's from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Gordon Haskett raised Kohl's from a "hold" rating to an "accumulate" rating in a report on Wednesday. UBS Group upped their price target on Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday. Telsey Advisory Group upped their price target on Kohl's from $9.00 to $16.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, Evercore ISI upped their price target on Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Kohl's presently has an average rating of "Reduce" and a consensus target price of $12.46.

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.