Kohl's Corporation $KSS Stock Purchased by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Kohl’s stake by 3,611.2% in the third quarter, to 271,731 shares valued at about $5.0 million. Institutional investors collectively own 98.04% of the company.
• Kohl’s reported quarterly EPS of $1.28, beating the $0.58 consensus estimate, and revenue of $3.52 billion versus estimates of $3.32 billion; revenue was down 0.9% year over year.
• Analyst sentiment remains cautious: the consensus rating is “Reduce,” with a $17.25 price target, based on two Buy, eight Hold, and five Sell ratings.

Fulcrum Asset Management LLP grew its position in Kohl's Corporation (NYSE:KSS - Free Report) by 3,611.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,731 shares of the company's stock after acquiring an additional 264,409 shares during the quarter. Fulcrum Asset Management LLP owned 0.24% of Kohl's worth $4,978,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KSS. Dimensional Fund Advisors LP increased its position in shares of Kohl's by 13.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,342,340 shares of the company's stock valued at $81,811,000 after purchasing an additional 744,539 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Kohl's by 107.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,479,061 shares of the company's stock worth $31,980,000 after purchasing an additional 1,286,710 shares during the period. Commonwealth Equity Services LLC lifted its position in Kohl's by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,411,666 shares of the company's stock worth $26,059,000 after purchasing an additional 25,841 shares during the period. Alyeska Investment Group L.P. bought a new position in Kohl's in the second quarter worth $13,487,000. Finally, Empowered Funds LLC lifted its position in Kohl's by 23.5% in the first quarter. Empowered Funds LLC now owns 666,072 shares of the company's stock worth $8,592,000 after purchasing an additional 126,550 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KSS shares. Robert W. Baird lifted their price target on shares of Kohl's from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. increased their price objective on shares of Kohl's from $15.00 to $17.00 and gave the company an "underweight" rating in a research note on Tuesday, August 18th. BTIG Research reaffirmed a "neutral" rating on shares of Kohl's in a report on Friday, September 18th. TD Cowen assumed coverage on shares of Kohl's in a report on Friday, October 30th. They set a "hold" rating for the company. Finally, Weiss Ratings upgraded shares of Kohl's from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Kohl's has a consensus rating of "Reduce" and a consensus price target of $17.25.

Insider Activity

In other news, insider Jennifer Kent sold 22,940 shares of the business's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $24.00, for a total value of $550,560.00. Following the sale, the insider owned 188,572 shares in the company, valued at approximately $4,525,728. The trade was a 10.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 45,880 shares of company stock worth $1,055,240 over the last three months. 1.55% of the stock is currently owned by company insiders.

Kohl's Trading Up 7.9%

KSS stock opened at $24.85 on Tuesday. Kohl's Corporation has a 1-year low of $11.38 and a 1-year high of $25.60. The company has a current ratio of 1.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is $20.28 and its 200-day moving average is $17.19. The firm has a market cap of $2.82 billion, a P/E ratio of 10.85 and a beta of 1.29.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.58 by $0.70. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.32 billion. Kohl's had a return on equity of 6.75% and a net margin of 1.75%. Kohl's's revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. Kohl's has set its FY 2026 guidance at 1.800-2.400 EPS. Equities analysts anticipate that Kohl's Corporation will post 2.10 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.1250 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. Kohl's's dividend payout ratio (DPR) is presently 21.83%.

About Kohl's

Kohl's Corporation is a U.S. department store retailer that sells apparel, footwear, accessories, beauty products and home goods through its stores and e-commerce platform. Its assortment includes national brands and private-label products for families and individuals.

The company also offers beauty products through Sephora shops located in many Kohl's stores, extending its in-store and online shopping selection. Kohl's serves customers across the United States.

The company traces its retail roots to 1962, when founder Maxwell Kohl opened the first Kohl's department store in Brookfield, Wisconsin.

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