Legacy Financial Advisors Inc. Makes New $205,000 Investment in Kohl's Corporation $KSS

Key Points

• Legacy Financial Advisors Inc. has acquired a new stake in Kohl's Corporation, purchasing 25,021 shares valued at approximately $205,000.
• Institutional investors and hedge funds now hold a significant 98.04% of Kohl's stock, reflecting a trend of increased investments by major financial firms.
• Kohl's recently reported a quarterly EPS of ($0.13), outperforming analysts' expectations, and has announced a quarterly dividend with a yield of 3.7%.

Legacy Financial Advisors Inc. acquired a new stake in Kohl's Corporation (NYSE:KSS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 25,021 shares of the company's stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in Kohl's in the 1st quarter valued at approximately $25,000. CWM LLC lifted 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. State of Wyoming bought a new position in Kohl's in the 4th quarter valued at approximately $35,000. Cheviot Value Management LLC bought a new position in Kohl's in the 1st quarter valued at approximately $36,000. Finally, Brooklyn Investment Group lifted its stake in Kohl's by 798.4% in the 1st quarter. Brooklyn Investment Group now owns 5,453 shares of the company's stock valued at $45,000 after purchasing an additional 4,846 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Trading Up 3.8%

Shares of KSS traded up $0.5120 during trading hours on Friday, hitting $13.8320. 6,859,336 shares of the stock were exchanged, compared to its average volume of 7,435,079. Kohl's Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $21.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. The business has a 50-day moving average of $10.73 and a 200-day moving average of $9.43. The firm has a market capitalization of $1.55 billion, a P/E ratio of 12.69 and a beta of 1.73.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The company had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the company posted ($0.24) earnings per share. Kohl's'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. On average, research analysts expect that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on KSS. Evercore ISI dropped their price objective 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. Wall Street Zen upgraded shares of Kohl's from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Gordon Haskett upgraded shares of Kohl's from a "reduce" rating to a "hold" rating in a research report on Tuesday, August 12th. Robert W. Baird upped 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. Finally, The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Nine analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company 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.