MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Makes New Investment in Kohl's Corporation $KSS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Kohl's Corporation ($KSS) during Q1, purchasing 955,771 shares valued at approximately $7.8 million.
• Kohl's reported earnings of $0.56 EPS for the last quarter, surpassing analyst expectations of $0.33, although revenue fell by 5% year-over-year.
• The company declared a quarterly dividend of $0.125 per share, translating to an annualized dividend yield of 3.1%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Kohl's Corporation (NYSE:KSS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 955,771 shares of the company's stock, valued at approximately $7,818,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.86% of Kohl's at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vident Advisory LLC lifted its holdings 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 worth $160,000 after acquiring an additional 967 shares during the period. CWM LLC lifted its holdings in shares of Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Kohl's by 14.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company's stock worth $121,000 after acquiring an additional 1,849 shares during the period. Cetera Investment Advisers raised its holdings in Kohl's by 7.9% in the fourth quarter. Cetera Investment Advisers now owns 25,453 shares of the company's stock valued at $357,000 after buying an additional 1,859 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after buying an additional 1,887 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KSS has been the topic of several research reports. Cowen restated a "hold" rating on shares of Kohl's in a report on Thursday, August 28th. Evercore ISI raised their price target on shares of Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating in a report on Thursday, August 28th. Wall Street Zen upgraded shares of Kohl's from a "sell" rating to a "hold" rating in a report on Monday, September 1st. The Goldman Sachs Group raised their price target on shares of Kohl's from $7.00 to $11.00 and gave the company a "sell" rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kohl's from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $12.46.

Kohl's Stock Up 3.7%

Shares of KSS stock traded up $0.59 during mid-day trading on Tuesday, reaching $16.64. 9,546,382 shares of the company were exchanged, compared to its average volume of 8,043,405. 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 1.00, a quick ratio of 0.19 and a current ratio of 1.36. The company has a market capitalization of $1.86 billion, a P/E ratio of 8.99 and a beta of 1.74. The business's 50 day simple moving average is $13.12 and its 200 day simple moving average is $9.88.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the company earned $0.59 earnings per share. The business's quarterly revenue was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. Research analysts predict that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 10th. Kohl's's payout ratio is currently 27.03%.

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.