Nuveen LLC Acquires New Holdings in Kohl's Corporation $KSS

Key Points

• Nuveen LLC acquired 189,335 shares of Kohl's Corporation, which is valued at approximately $1.5 million, marking its first investment in the company.
• Kohl's reported a **quarterly EPS of $0.56**, exceeding the expected $0.33, but its revenue of $3.35 billion fell short of the forecasted $3.37 billion.
• The company announced a **quarterly dividend** of $0.125, which translates to an annual yield of **3.3%** and a payout ratio of 27.03%.

Nuveen LLC purchased a new position in shares of Kohl's Corporation (NYSE:KSS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 189,335 shares of the company's stock, valued at approximately $1,549,000. Nuveen LLC owned approximately 0.17% of Kohl's at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Invesco Ltd. grew its position in shares of Kohl's by 29.7% during the first quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after buying an additional 680,766 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Kohl's during the first quarter worth approximately $25,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Kohl's during the first quarter worth approximately $85,000. Charles Schwab Investment Management Inc. grew its position in shares of Kohl's by 11.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,968,634 shares of the company's stock worth $16,103,000 after buying an additional 197,088 shares in the last quarter. Finally, Blair William & Co. IL grew its position in shares of Kohl's by 10.9% during the first quarter. Blair William & Co. IL now owns 22,104 shares of the company's stock worth $181,000 after buying an additional 2,171 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Stock Performance

KSS stock traded up $1.05 during mid-day trading on Tuesday, reaching $16.11. The company had a trading volume of 7,227,067 shares, compared to its average volume of 11,418,615. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.81 billion, a P/E ratio of 8.71 and a beta of 1.74. Kohl's Corporation has a one year low of $6.04 and a one year high of $21.39. The stock's 50-day simple moving average is $11.49 and its two-hundred day simple moving average is $9.53.

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

Kohl's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 10th. Kohl's's dividend payout ratio (DPR) is presently 27.03%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KSS shares. UBS Group raised their price target on shares of Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, August 28th. Citigroup raised their price objective on Kohl's from $8.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Barclays raised their price objective on Kohl's from $5.00 to $8.00 and gave the stock an "underweight" rating in a research note on Thursday, August 28th. Cowen restated a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. Finally, Gordon Haskett upgraded Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $12.46.

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.