Allspring Global Investments Holdings LLC Boosts Holdings in Kohl’s Corporation $KSS

Allspring Global Investments Holdings LLC lifted its position in shares of Kohl’s Corporation (NYSE:KSS) by 372.2% during the first quarter, HoldingsChannel reports. The firm owned 49,451 shares of the company’s stock after purchasing an additional 38,978 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kohl’s were worth $637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. acquired a new stake in Kohl’s during the 1st quarter valued at $96,000. Caxton Associates LLP purchased a new stake in shares of Kohl’s during the first quarter worth about $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Kohl’s by 14.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock worth $4,006,000 after acquiring an additional 60,769 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Kohl’s in the second quarter worth about $120,000. Finally, Cetera Investment Advisers lifted its stake in shares of Kohl’s by 21.6% in the second quarter. Cetera Investment Advisers now owns 33,708 shares of the company’s stock worth $286,000 after acquiring an additional 5,997 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group raised their price objective on Kohl’s from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Gordon Haskett lowered Kohl’s from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research report on Friday, May 15th. Bank of America reduced their target price on Kohl’s from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, TD Cowen lifted their price target on shares of Kohl’s from $13.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, Kohl’s currently has an average rating of “Reduce” and an average price target of $15.31.

Kohl’s Stock Up 3.2%

NYSE:KSS opened at $18.51 on Tuesday. The stock has a 50-day simple moving average of $16.53 and a 200 day simple moving average of $15.98. Kohl’s Corporation has a one year low of $10.33 and a one year high of $25.22. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 7.84 and a beta of 1.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.31 and a current ratio of 1.48.

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

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, June 10th. Kohl’s’s dividend payout ratio is currently 21.19%.

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.