SummitTX Capital L.P. Acquires Shares of 31,593 Kohl’s Corporation $KSS

SummitTX Capital L.P. bought a new stake in Kohl’s Corporation (NYSE:KSS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,593 shares of the company’s stock, valued at approximately $408,000.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Kohl’s by 233.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock worth $34,000 after acquiring an additional 1,167 shares during the period. IFP Advisors Inc raised its stake in Kohl’s by 3,777.6% in the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after acquiring an additional 1,851 shares during the period. Plato Investment Management Ltd bought a new stake in Kohl’s in the 4th quarter valued at about $42,000. Hantz Financial Services Inc. lifted its holdings in Kohl’s by 164.7% during the fourth quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock valued at $43,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Kohl’s during the fourth quarter valued at about $45,000. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Stock Performance

Shares of KSS opened at $19.20 on Friday. Kohl’s Corporation has a 52-week low of $10.33 and a 52-week high of $25.22. The stock’s 50-day simple moving average is $17.07 and its 200 day simple moving average is $15.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.31 and a current ratio of 1.48. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.14 and a beta of 1.40.

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

Kohl’s Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KSS shares. Bank of America cut their target price on shares of Kohl’s from $15.00 to $14.00 and set an “underperform” rating for the company in a research report on Friday, May 29th. Wall Street Zen cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings cut shares of Kohl’s from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Citigroup raised shares of Kohl’s from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $22.00 in a report on Monday, June 1st. Finally, UBS Group lifted their price objective on shares of Kohl’s from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $15.31.

Kohl’s Company 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.