JPMorgan Chase & Co. Raises Position in Kohl’s Corporation $KSS

JPMorgan Chase & Co. lifted its position in shares of Kohl’s Corporation (NYSE:KSS) by 3,123.1% during the third quarter, HoldingsChannel reports. The fund owned 2,011,182 shares of the company’s stock after acquiring an additional 1,948,783 shares during the quarter. JPMorgan Chase & Co.’s holdings in Kohl’s were worth $30,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its position in Kohl’s by 221.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 143,376 shares of the company’s stock worth $2,204,000 after purchasing an additional 98,778 shares during the period. Federated Hermes Inc. purchased a new position in shares of Kohl’s during the 3rd quarter worth approximately $5,198,000. Quantbot Technologies LP acquired a new stake in shares of Kohl’s in the 2nd quarter valued at approximately $1,324,000. TriaGen Wealth Management LLC acquired a new stake in shares of Kohl’s in the 3rd quarter valued at approximately $730,000. Finally, Caxton Associates LLP boosted its stake in shares of Kohl’s by 2,958.8% in the second quarter. Caxton Associates LLP now owns 621,862 shares of the company’s stock valued at $5,273,000 after buying an additional 601,532 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $12.44 on Monday. The stock has a fifty day moving average price of $17.01 and a 200 day moving average price of $18.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 1.46. The stock has a market cap of $1.40 billion, a PE ratio of 5.27 and a beta of 1.42. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $25.22.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, March 10th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.21. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.08 billion. Kohl’s had a return on equity of 4.72% and a net margin of 1.75%.Kohl’s’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. Sell-side analysts forecast that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 4.0%. Kohl’s’s payout ratio is presently 21.19%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KSS. Robert W. Baird dropped their price objective on Kohl’s from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Evercore boosted their target price on shares of Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. Citigroup cut their price target on shares of Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Finally, Zacks Research cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, Kohl’s presently has an average rating of “Reduce” and a consensus target price of $14.83.

About Kohl’s

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.