Vanguard Group Inc. Sells 172,295 Shares of Kohl's Corporation $KSS

Key Points

• Vanguard Group Inc. has reduced its stake in Kohl's Corporation by 1.4%, now owning approximately 10.53% of the company, which equates to 11,716,921 shares valued at about $95.8 million.
• Several institutional investors have recently adjusted their positions in Kohl's, with CWM LLC increasing its stake by 49.7% and GAMMA Investing LLC boosting its position by 360.2% in the first quarter.
• Wall Street analysts have mixed ratings on Kohl's, with target prices ranging from $4.00 to $10.00 and an average consensus rating of "Reduce." The company's stock is currently trading at around $13.83.

Vanguard Group Inc. cut its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,716,921 shares of the company's stock after selling 172,295 shares during the period. Vanguard Group Inc. owned approximately 10.53% of Kohl's worth $95,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. increased its position in shares of Kohl's by 40.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $1,202,000 after acquiring an additional 42,000 shares during the period. New Republic Capital LLC purchased a new stake in shares of Kohl's during the first quarter worth about $243,000. Jefferies Financial Group Inc. bought a new stake in shares of Kohl's in the first quarter worth about $409,000. XTX Topco Ltd increased its holdings in Kohl's by 313.1% during the 1st quarter. XTX Topco Ltd now owns 142,270 shares of the company's stock valued at $1,164,000 after purchasing an additional 107,831 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kohl's by 13.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company's stock valued at $6,022,000 after purchasing an additional 50,671 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KSS shares. Robert W. Baird lifted their price objective on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Telsey Advisory Group reiterated a "market perform" rating and set a $9.00 target price on shares of Kohl's in a report on Thursday. JPMorgan Chase & Co. increased their target price on Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. Gordon Haskett upgraded Kohl's from a "reduce" rating to a "hold" rating in a research report on Tuesday, August 12th. Finally, Barclays upped their price target on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Nine equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $9.89.

Kohl's Stock Up 0.5%

Shares of NYSE KSS traded up $0.07 during midday trading on Monday, hitting $13.96. The stock had a trading volume of 6,093,971 shares, compared to its average volume of 6,950,036. The business's 50 day moving average is $10.83 and its 200-day moving average is $9.42. Kohl's Corporation has a 52 week low of $6.04 and a 52 week high of $21.39. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.56 billion, a P/E ratio of 8.63 and a beta of 1.73.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.01 billion. During the same period in the previous year, the business earned ($0.24) EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. As a group, analysts predict that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Kohl's 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.