Invesco Ltd. Boosts Stock Position in Kohl's Corporation $KSS

Key Points

• Invesco Ltd. has increased its stake in Kohl's Corporation by 29.7%, owning approximately 2.67% of the company after purchasing 680,766 shares valued at $24.3 million.
• Kohl's trading performance shows a current stock price at $13.34, with a 12-month range of $6.04 to $21.39, signaling volatility in its market presence.
• The company recently declared a quarterly dividend of $0.125 per share, which equates to an annual yield of 3.7%, indicating ongoing returns for investors despite challenges.

Invesco Ltd. lifted its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 29.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,973,512 shares of the company's stock after purchasing an additional 680,766 shares during the period. Invesco Ltd. owned about 2.67% of Kohl's worth $24,323,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KSS. Russell Investments Group Ltd. lifted its stake in shares of Kohl's by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock worth $246,000 after purchasing an additional 1,232 shares during the period. Bank of Montreal Can lifted its stake in shares of Kohl's by 20.3% in the 4th quarter. Bank of Montreal Can now owns 27,783 shares of the company's stock worth $390,000 after purchasing an additional 4,694 shares during the period. Raymond James Financial Inc. bought a new position in shares of Kohl's in the 4th quarter worth approximately $330,000. Guggenheim Capital LLC lifted its position in Kohl's by 40.3% during the fourth quarter. Guggenheim Capital LLC now owns 71,508 shares of the company's stock valued at $1,004,000 after purchasing an additional 20,535 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Kohl's by 14.6% during the fourth quarter. First Trust Advisors LP now owns 1,435,970 shares of the company's stock valued at $20,161,000 after purchasing an additional 183,054 shares in the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

KSS stock traded up $0.5120 during midday trading on Friday, hitting $13.8320. The company's stock had a trading volume of 6,859,336 shares, compared to its average volume of 7,435,079. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. Kohl's Corporation has a 12 month low of $6.04 and a 12 month high of $21.39. The company has a 50 day moving average of $10.73 and a two-hundred day moving average of $9.43. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 12.69 and a beta of 1.73.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. The company's quarterly revenue was down 4.1% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. On average, analysts expect 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 given a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.6%. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Analysts Set New Price Targets

KSS has been the topic of several recent research reports. Robert W. Baird raised their price objective on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Evercore ISI reduced their target price on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on shares of Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Barclays increased their price objective on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Nine equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, Kohl's currently has a consensus rating of "Reduce" and a consensus target price of $9.89.

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.