Invenomic Capital Management LP Boosts Stake in Kohl's Corporation $KSS

Key Points

• Invenomic Capital Management LP has increased its stake in Kohl's Corporation by 4.0%, now owning over 1 million shares valued at approximately $8.84 million.
• Several analysts have raised their price targets for Kohl's stock, with Robert W. Baird setting a new target of $15.00 while maintaining a "neutral" rating.
• Kohl's reported earnings per share of $0.56 for the last quarter, exceeding expectations, although its revenue decreased by 5.0% year-over-year.

Invenomic Capital Management LP increased its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,080,436 shares of the company's stock after purchasing an additional 41,676 shares during the quarter. Invenomic Capital Management LP owned 0.97% of Kohl's worth $8,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in Kohl's by 8.1% in the 1st quarter. American Century Companies Inc. now owns 4,470,215 shares of the company's stock worth $36,566,000 after purchasing an additional 335,917 shares during the period. Invesco Ltd. lifted its holdings in Kohl's by 29.7% in the first quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after buying an additional 680,766 shares during the period. Two Sigma Investments LP lifted its holdings in Kohl's by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock worth $31,667,000 after buying an additional 87,235 shares during the period. Two Sigma Advisers LP lifted its holdings in Kohl's by 6.0% in the fourth quarter. Two Sigma Advisers LP now owns 2,222,100 shares of the company's stock worth $31,198,000 after buying an additional 126,600 shares during the period. Finally, Millennium Management LLC lifted its holdings in Kohl's by 4.9% in the fourth quarter. Millennium Management LLC now owns 2,037,267 shares of the company's stock worth $28,603,000 after buying an additional 94,697 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KSS. Robert W. Baird raised their price objective on shares of Kohl's from $9.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Evercore ISI boosted their price objective on shares of Kohl's from $8.00 to $13.00 and gave the stock an "in-line" rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group boosted their price objective on shares of Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a research note on Thursday, August 28th. Finally, Cowen reissued a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $12.46.

Kohl's Stock Up 3.5%

Shares of Kohl's stock opened at $16.40 on Friday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 8.87 and a beta of 1.74. The company's 50 day moving average is $11.97 and its 200 day moving average is $9.65. Kohl's Corporation has a twelve month low of $6.04 and a twelve month high of $21.39. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. Research analysts anticipate that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. Kohl's's dividend payout ratio is 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.

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