Kohl's Corporation (NYSE:KSS) Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd significantly increased its stake in Kohl's Corporation, raising it by 313.1% during the first quarter, now owning 142,270 shares valued at approximately $1,164,000.
• Kohl's reported a quarterly earnings loss of ($0.13) per share, exceeding expectations, with revenue totaling $3.05 billion, despite a 4.1% decline compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.125, resulting in an annual yield of 4.7%, with a payout ratio of 45.87%.

XTX Topco Ltd lifted its stake in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 313.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,270 shares of the company's stock after acquiring an additional 107,831 shares during the quarter. XTX Topco Ltd owned 0.13% of Kohl's worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KSS. Invesco Ltd. increased its holdings in Kohl's by 1.6% during the 4th quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after purchasing an additional 36,622 shares during the period. Two Sigma Investments LP increased its stake in shares of Kohl's by 4.0% during the fourth quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock worth $31,667,000 after buying an additional 87,235 shares during the period. Two Sigma Advisers LP raised its holdings in Kohl's by 6.0% in the fourth quarter. Two Sigma Advisers LP now owns 2,222,100 shares of the company's stock valued at $31,198,000 after acquiring an additional 126,600 shares in the last quarter. Millennium Management LLC lifted its stake in Kohl's by 4.9% in the fourth quarter. Millennium Management LLC now owns 2,037,267 shares of the company's stock worth $28,603,000 after acquiring an additional 94,697 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Kohl's by 14.6% during the 4th quarter. First Trust Advisors LP now owns 1,435,970 shares of the company's stock worth $20,161,000 after acquiring an additional 183,054 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl's Stock Performance

Shares of KSS opened at $10.73 on Friday. The company's 50 day simple moving average is $9.40 and its 200-day simple moving average is $9.50. The firm has a market cap of $1.20 billion, a PE ratio of 9.84 and a beta of 1.66. Kohl's Corporation has a 12-month low of $6.04 and a 12-month high of $21.39. 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 (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. Kohl's's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) EPS. As a group, equities analysts predict that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.7%. The ex-dividend date was Wednesday, June 11th. Kohl's's payout ratio is 45.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Kohl's from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. Evercore ISI cut their price target on Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Barclays lifted their price target on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on Kohl's from $8.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Finally, The Goldman Sachs Group reissued a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Eight equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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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