Public Sector Pension Investment Board Buys 75,858 Shares of Kohl's Corporation $KSS

Key Points

• The Public Sector Pension Investment Board increased its holdings in Kohl's Corporation by 27.4%, owning 0.32% of the company, valued at approximately $2.89 million.
• Kohl's reported a quarterly EPS of ($0.13), exceeding analysts' estimates, and generated $3.05 billion in revenue, though this reflects a 4.1% decrease year-over-year.
• The company announced a quarterly dividend of $0.125 per share, which contributes to an annualized dividend yield of 3.7%.

Public Sector Pension Investment Board grew its position in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 27.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 352,978 shares of the company's stock after acquiring an additional 75,858 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Kohl's worth $2,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Kohl's by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock valued at $160,000 after acquiring an additional 967 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Kohl's by 7.6% during the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock valued at $246,000 after acquiring an additional 1,232 shares during the last quarter. CWM LLC raised its holdings in Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Kohl's by 14.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company's stock worth $121,000 after buying an additional 1,849 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Kohl's by 7.9% during the fourth quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock worth $357,000 after buying an additional 1,859 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI cut their price objective on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Gordon Haskett upgraded Kohl's from a "reduce" rating to a "hold" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. increased their target price on Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a research note on Thursday. Nine investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, Kohl's presently has an average rating of "Reduce" and an average price target of $9.89.

Kohl's Stock Up 3.8%

Shares of Kohl's stock traded up $0.5120 during trading on Friday, hitting $13.8320. 6,859,336 shares of the stock traded hands, compared to its average volume of 7,435,079. The firm has a market cap of $1.55 billion, a P/E ratio of 12.69 and a beta of 1.73. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. Kohl's Corporation has a 52-week low of $6.04 and a 52-week high of $21.39. The stock's fifty day simple moving average is $10.73 and its 200 day simple moving average is $9.45.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.09. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. Kohl's had a return on equity of 4.71% and a net margin of 0.75%.The business's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) earnings per share. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. On average, equities analysts predict that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

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

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.