Kohl's Corporation $KSS Stake Lessened by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has significantly reduced its stake in Kohl's Corporation by 62.7%, selling 40,463 shares and now holding 24,109 shares, valued at $197,000.
• Kohl's reported a quarterly loss of ($0.13) EPS, exceeding expectations, with revenue of $3.05 billion, though this represents a 4.1% decline from the same quarter last year.
• The company declared a quarterly dividend of $0.125 per share, reflecting an annualized dividend yield of 3.7%, with a payout ratio of 45.87%.

Fox Run Management L.L.C. cut its stake in Kohl's Corporation (NYSE:KSS - Free Report) by 62.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,109 shares of the company's stock after selling 40,463 shares during the period. Fox Run Management L.L.C.'s holdings in Kohl's were worth $197,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of Kohl's in the fourth quarter worth approximately $35,000. National Bank of Canada FI acquired a new position in Kohl's during the first quarter valued at approximately $25,000. CWM LLC lifted its position in Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares in the last quarter. Cheviot Value Management LLC acquired a new position in Kohl's during the first quarter valued at approximately $36,000. Finally, Versant Capital Management Inc lifted its position in Kohl's by 3,022.6% during the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock valued at $50,000 after buying an additional 5,894 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl's Stock Up 3.8%

Shares of NYSE KSS traded up $0.5120 during trading on Friday, reaching $13.8320. 6,859,336 shares of the stock were exchanged, compared to its average volume of 7,435,079. The business's 50-day moving average price is $10.73 and its 200 day moving average price is $9.43. 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 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. The company 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 posted its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The business had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the previous year, the company posted ($0.24) earnings per share. The business's revenue for the quarter 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. As a group, equities analysts forecast that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, September 10th. Kohl's's payout ratio is 45.87%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Kohl's from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on shares of Kohl's from $8.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $9.00 price target on shares of Kohl's in a research report on Thursday. The Goldman Sachs Group reaffirmed a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Finally, Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Nine analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Kohl's has an average rating of "Reduce" and an average price target 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.