Concurrent Investment Advisors LLC Makes New $85,000 Investment in Kohl’s Corporation $KSS

Concurrent Investment Advisors LLC bought a new position in shares of Kohl’s Corporation (NYSE:KSS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,022 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in Kohl’s by 5.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company’s stock worth $201,000 after acquiring an additional 1,106 shares during the last quarter. CWM LLC increased its stake in Kohl’s by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after acquiring an additional 1,386 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Kohl’s by 14.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company’s stock worth $121,000 after acquiring an additional 1,849 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Kohl’s by 161.8% during the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock worth $26,000 after acquiring an additional 1,887 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in Kohl’s by 5.6% during the second quarter. SummerHaven Investment Management LLC now owns 36,982 shares of the company’s stock worth $314,000 after acquiring an additional 1,971 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BTIG Research assumed coverage on Kohl’s in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Morgan Stanley lifted their price target on Kohl’s from $5.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, September 18th. Gordon Haskett raised Kohl’s from a “hold” rating to an “accumulate” rating in a report on Wednesday, August 27th. Evercore ISI lifted their price target on Kohl’s from $8.00 to $13.00 and gave the stock an “in-line” rating in a report on Thursday, August 28th. Finally, Citigroup boosted their target price on Kohl’s from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $12.75.

Kohl’s Stock Performance

KSS opened at $16.41 on Wednesday. The stock has a market cap of $1.84 billion, a P/E ratio of 8.87 and a beta of 1.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19. The stock’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $11.09. Kohl’s Corporation has a 1-year low of $6.04 and a 1-year high of $21.39.

Kohl’s (NYSE:KSS) last posted its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.23. Kohl’s had a return on equity of 4.62% and a net margin of 1.31%.The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Kohl’s’s revenue was down 5.0% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, equities analysts anticipate that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. Kohl’s’s dividend payout ratio is presently 27.03%.

Kohl’s Company 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.