GAMMA Investing LLC Grows Position in Kohl's Corporation $KSS

Key Points

• GAMMA Investing LLC increased its stake in Kohl's Corporation by 619.9% during the 2nd quarter, acquiring an additional 40,020 shares to bring its total to 46,476 shares valued at approximately $394,000.
• Analysts have raised their target prices for Kohl's, with Morgan Stanley setting a new target of $9.00 while Telsey Advisory Group increased theirs to $16.00, reflecting mixed ratings across the board.
• Kohl's recently reported earnings of $0.56 EPS, surpassing expectations, even as its revenue declined by 5.0% year-over-year, indicating challenges in the retail environment.

GAMMA Investing LLC boosted its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 619.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,476 shares of the company's stock after acquiring an additional 40,020 shares during the quarter. GAMMA Investing LLC's holdings in Kohl's were worth $394,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KSS. Cetera Investment Advisers raised its position in Kohl's by 7.9% in the fourth quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock worth $357,000 after acquiring an additional 1,859 shares in the last quarter. State of Wyoming purchased a new position in Kohl's in the fourth quarter worth $35,000. Vident Advisory LLC grew its holdings in Kohl's by 9.3% in the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock valued at $160,000 after purchasing an additional 967 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kohl's by 13.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company's stock valued at $6,022,000 after purchasing an additional 50,671 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Kohl's in the fourth quarter valued at $2,978,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on KSS shares. Morgan Stanley upped their target price on Kohl's from $5.00 to $9.00 and gave the company an "underweight" rating in a report on Thursday, September 18th. Robert W. Baird upped their target price on Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Telsey Advisory Group upped their target price on Kohl's from $9.00 to $16.00 and gave the company a "market perform" rating in a report on Wednesday, August 27th. Evercore ISI upped their target price 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, The Goldman Sachs Group upped their target price on Kohl's from $7.00 to $11.00 and gave the company a "sell" rating in a report on Thursday, August 28th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $12.75.

Kohl's Stock Up 1.0%

KSS opened at $16.21 on Friday. 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 firm has a market cap of $1.82 billion, a P/E ratio of 8.76 and a beta of 1.74. Kohl's Corporation has a 52 week low of $6.04 and a 52 week high of $21.39. The business's fifty day simple moving average is $14.31 and its 200 day simple moving average is $10.20.

Kohl's (NYSE:KSS - Get Free Report) last posted 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 business had revenue of $3.35 billion for 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 business's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last 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, equities research analysts anticipate that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.50 annualized dividend and a yield of 3.1%. Kohl's's dividend payout ratio is 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.

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