Truist Financial Corp Acquires 43,082 Shares of Kohl's Corporation $KSS

Key Points

• Truist Financial Corp increased its stake in Kohl's Corporation by 109.5%, acquiring an additional 43,082 shares, bringing its total holdings to 82,429 shares valued at $699,000.
• A number of analysts have set varying price targets for Kohl's, with a consensus rating of "Reduce" and an average price target of $12.75, indicating a cautious outlook on the stock.
• Kohl's reported a quarterly EPS of $0.56, exceeding expectations, although its revenues were down 5.0% year-over-year, indicating ongoing challenges for the company.

Truist Financial Corp lifted its position in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 109.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,429 shares of the company's stock after purchasing an additional 43,082 shares during the period. Truist Financial Corp owned 0.07% of Kohl's worth $699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hussman Strategic Advisors Inc. lifted its holdings in shares of Kohl's by 40.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $1,202,000 after acquiring an additional 42,000 shares during the period. New Republic Capital LLC acquired a new position in Kohl's in the 1st quarter valued at approximately $243,000. Jefferies Financial Group Inc. acquired a new stake in shares of Kohl's during the first quarter worth $409,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Kohl's by 37.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company's stock valued at $1,649,000 after buying an additional 53,518 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Kohl's by 313.1% in the first quarter. XTX Topco Ltd now owns 142,270 shares of the company's stock valued at $1,164,000 after buying an additional 107,831 shares in the last quarter. Institutional investors own 98.04% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KSS shares. BTIG Research started coverage on shares of Kohl's in a report on Tuesday. They set a "neutral" rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Kohl's from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. Robert W. Baird raised their price objective on shares of Kohl's from $9.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. UBS Group lifted their target price on shares of Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday, August 28th. Finally, Telsey Advisory Group lifted their target price on shares of Kohl's from $9.00 to $16.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Kohl's has a consensus rating of "Reduce" and an average price target of $12.75.

Kohl's Price Performance

Shares of NYSE:KSS opened at $15.48 on Wednesday. The company has a 50 day moving average of $15.20 and a 200 day moving average of $10.81. The stock has a market cap of $1.73 billion, a P/E ratio of 8.36 and a beta of 1.71. 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 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.37 billion. During the same period in the previous year, the business posted $0.59 earnings per share. Kohl's's revenue for the quarter was down 5.0% on a year-over-year basis. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, sell-side analysts forecast that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.50 annualized dividend and a yield of 3.2%. Kohl's's payout ratio is presently 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.

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