Penserra Capital Management LLC Buys 69,259 Shares of Kohl’s Corporation $KSS

Penserra Capital Management LLC lifted its stake in shares of Kohl’s Corporation (NYSE:KSS) by 124.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 124,800 shares of the company’s stock after buying an additional 69,259 shares during the quarter. Penserra Capital Management LLC’s holdings in Kohl’s were worth $1,058,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hussman Strategic Advisors Inc. boosted its stake in Kohl’s by 40.0% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $1,202,000 after purchasing an additional 42,000 shares during the period. New Republic Capital LLC acquired a new stake in shares of Kohl’s during the first quarter worth $243,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Kohl’s by 37.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company’s stock valued at $1,649,000 after acquiring an additional 53,518 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Kohl’s in the first quarter valued at about $409,000. Finally, XTX Topco Ltd increased its position in Kohl’s by 313.1% during the first quarter. XTX Topco Ltd now owns 142,270 shares of the company’s stock worth $1,164,000 after acquiring an additional 107,831 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

NYSE KSS opened at $17.96 on Tuesday. 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 firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 9.71 and a beta of 1.78. The firm’s 50 day simple moving average is $16.26 and its 200 day simple moving average is $12.12. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $21.39.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.33 by $0.23. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate 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 was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, research analysts expect that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KSS. UBS Group lifted their price objective on shares of Kohl’s from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, August 28th. Gordon Haskett upgraded shares of Kohl’s from a “hold” rating to an “accumulate” rating in a research report on Wednesday, August 27th. Cowen reiterated a “hold” rating on shares of Kohl’s in a research note on Thursday, August 28th. The Goldman Sachs Group increased their price target on Kohl’s from $7.00 to $11.00 and gave the stock a “sell” rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group raised their price objective on Kohl’s from $9.00 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kohl’s has an average rating of “Reduce” and an average price target of $12.75.

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.