Kohl's Corporation $KSS Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Kohl's Corporation by 11.1%, bringing its total holdings to approximately 1.77% of the company worth $16.1 million.
• Kohl's reported earnings per share (EPS) of ($0.13), surpassing analysts' expectations, but its revenue declined 4.1% year-over-year to $3.05 billion.
• The company announced a quarterly dividend of $0.125 per share, reflecting a 3.6% dividend yield and a payout ratio of 45.87%.

Charles Schwab Investment Management Inc. boosted its position in Kohl's Corporation (NYSE:KSS - Free Report) by 11.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,968,634 shares of the company's stock after purchasing an additional 197,088 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.77% of Kohl's worth $16,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Kohl's in the 4th quarter valued at about $35,000. CWM LLC raised its stake in Kohl's by 49.7% in 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 during the last quarter. Cheviot Value Management LLC acquired a new position in Kohl's in the 1st quarter valued at about $36,000. Versant Capital Management Inc raised its stake in Kohl's by 3,022.6% in the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock valued at $50,000 after purchasing an additional 5,894 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Kohl's by 360.2% in the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock valued at $53,000 after purchasing an additional 5,053 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Price Performance

KSS opened at $13.8320 on Friday. The company's 50 day simple moving average is $10.73 and its 200 day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. Kohl's Corporation has a 1 year low of $6.04 and a 1 year high of $21.39. The stock has a market capitalization of $1.55 billion, a PE ratio of 12.69 and a beta of 1.73.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a return on equity of 4.71% and a net margin of 0.75%.The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the business earned ($0.24) EPS. The company's revenue for the quarter was down 4.1% on a year-over-year basis. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. As a group, sell-side analysts expect that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued 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 payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

KSS has been the subject of several analyst reports. Evercore ISI cut 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 research note on Friday, May 2nd. The Goldman Sachs Group reissued a "sell" rating on shares of Kohl's in a research note on Thursday, May 29th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $9.00 price objective on shares of Kohl's in a research note on Thursday. Gordon Haskett upgraded shares of Kohl's from a "reduce" rating to a "hold" rating in a report on Tuesday, August 12th. Finally, 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 report on Monday, July 28th. Nine equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Kohl's presently has an average rating of "Reduce" and a consensus price target of $9.89.

Kohl's Company 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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