Royal Bank of Canada Increases Position in Kohl's Corporation $KSS

Key Points

• Royal Bank of Canada increased its Kohl’s stake by 60.1% in the first quarter, owning 159,401 shares valued at approximately $2.06 million. Institutional investors collectively own 98.04% of the company.
• Analyst sentiment remains cautious: Kohl’s has a consensus rating of “Reduce” from 16 analysts, with an average price target of $15.31, despite Citigroup upgrading the stock to “Buy.”
• Kohl’s reported better-than-expected quarterly results, with a loss of $0.13 per share versus the $0.18 estimate and revenue of $3.17 billion. The company also maintains a quarterly dividend of $0.125 per share, representing a 2.6% annualized yield.

Royal Bank of Canada increased its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,401 shares of the company's stock after acquiring an additional 59,833 shares during the quarter. Royal Bank of Canada owned approximately 0.14% of Kohl's worth $2,056,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in Kohl's by 23.5% during the 1st 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 last quarter. Quantinno Capital Management LP boosted its stake in shares of Kohl's by 38.8% during the 1st quarter. Quantinno Capital Management LP now owns 368,911 shares of the company's stock valued at $4,759,000 after buying an additional 103,039 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of Kohl's during the 1st quarter valued at approximately $408,000. Gateway Wealth Partners LLC acquired a new stake in shares of Kohl's during the first quarter worth approximately $237,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Kohl's by 6.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 93,280 shares of the company's stock worth $1,203,000 after buying an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

KSS has been the topic of several recent analyst reports. Citigroup raised shares of Kohl's from a "neutral" rating to a "buy" rating and upped their price target for the company from $14.00 to $22.00 in a report on Monday, June 1st. Zacks Research lowered shares of Kohl's from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. UBS Group boosted their target price on shares of Kohl's from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Friday, May 29th. Gordon Haskett lowered shares of Kohl's from a "buy" rating to a "hold" rating and set a $14.00 target price on the stock. in a research note on Friday, May 15th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $15.00 price target on shares of Kohl's in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $15.31.

Kohl's Price Performance

Shares of NYSE KSS opened at $19.22 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 0.31. The firm has a market capitalization of $2.18 billion, a PE ratio of 8.14 and a beta of 1.40. Kohl's Corporation has a 1-year low of $11.38 and a 1-year high of $25.22. The business's fifty day moving average price is $18.05 and its two-hundred day moving average price is $16.00.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.05. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.99 billion. Kohl's had a net margin of 1.76% and a return on equity of 4.67%. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Kohl's has set its FY 2026 guidance at 1.000-1.600 EPS. On average, research analysts expect that Kohl's Corporation will post 1.36 EPS for the current year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, June 10th. Kohl's's payout ratio is presently 21.19%.

Insider Transactions at Kohl's

In other Kohl's news, EVP Jennifer J. Kent sold 22,942 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $20.00, for a total value of $458,840.00. Following the completion of the transaction, the executive vice president owned 234,452 shares in the company, valued at approximately $4,689,040. This represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is owned by insiders.

Kohl's Profile

Kohl's Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl's has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer's merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.

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