Corton Capital Inc. Increases Stake in Kohl’s Corporation $KSS

Corton Capital Inc. grew its holdings in Kohl’s Corporation (NYSE:KSS) by 223.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,636 shares of the company’s stock after buying an additional 34,992 shares during the quarter. Kohl’s accounts for 0.5% of Corton Capital Inc.’s investment portfolio, making the stock its 25th largest position. Corton Capital Inc.’s holdings in Kohl’s were worth $429,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in Kohl’s by 8.1% in the first quarter. American Century Companies Inc. now owns 4,470,215 shares of the company’s stock valued at $36,566,000 after purchasing an additional 335,917 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Kohl’s by 21.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock valued at $36,490,000 after purchasing an additional 745,543 shares during the period. Invesco Ltd. boosted its position in shares of Kohl’s by 29.7% in the 1st quarter. Invesco Ltd. now owns 2,973,512 shares of the company’s stock valued at $24,323,000 after purchasing an additional 680,766 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kohl’s by 11.1% during the 1st 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, AQR Capital Management LLC increased its stake in Kohl’s by 88.1% in the 1st quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company’s stock valued at $14,513,000 after purchasing an additional 831,055 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on KSS. Wall Street Zen upgraded Kohl’s from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Gordon Haskett upgraded Kohl’s from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 27th. Citigroup raised their price objective on Kohl’s from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a report on Thursday, August 28th. Finally, BTIG Research started coverage on Kohl’s in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Kohl’s presently has a consensus rating of “Reduce” and an average target price of $12.75.

Kohl’s Stock Up 2.7%

NYSE KSS opened at $16.20 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average is $16.00 and its two-hundred day moving average is $11.69. Kohl’s Corporation has a 1-year low of $6.04 and a 1-year high of $21.39. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 8.76 and a beta of 1.71.

Kohl’s (NYSE:KSS) last announced its 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. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Equities analysts forecast that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. Kohl’s’s dividend payout ratio is currently 27.03%.

About Kohl’s

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.