SummitTX Capital L.P. Invests $408,000 in Kohl’s Corporation $KSS

SummitTX Capital L.P. acquired a new position in Kohl’s Corporation (NYSE:KSS) during the first quarter, Holdings Channel reports. The firm acquired 31,593 shares of the company’s stock, valued at approximately $408,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in Kohl’s during the first quarter worth about $96,000. Caxton Associates LLP bought a new position in Kohl’s in the 1st quarter worth about $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kohl’s by 14.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock valued at $4,006,000 after acquiring an additional 60,769 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Kohl’s during the 2nd quarter valued at about $120,000. Finally, Cetera Investment Advisers boosted its position in shares of Kohl’s by 21.6% during the 2nd quarter. Cetera Investment Advisers now owns 33,708 shares of the company’s stock valued at $286,000 after acquiring an additional 5,997 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 1.5%

NYSE KSS opened at $19.20 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. The stock’s 50-day simple moving average is $17.07 and its two-hundred day simple moving average is $15.96. Kohl’s Corporation has a twelve month low of $10.33 and a twelve month high of $25.22. The company 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 quarterly earnings data on Thursday, May 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Kohl’s had a return on equity of 4.67% and a net margin of 1.76%.The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.13) EPS. 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 announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a $0.125 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. Kohl’s’s payout ratio is presently 21.19%.

Analyst Ratings Changes

Several research analysts have recently commented on KSS shares. Wall Street Zen lowered Kohl’s from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. TD Cowen raised their target price on shares of Kohl’s from $13.50 to $16.00 and gave the company a “hold” rating in a research note on Monday, June 8th. Morgan Stanley reiterated an “underweight” rating and set a $15.00 target price on shares of Kohl’s in a research report on Monday, July 6th. Zacks Research cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Citigroup raised shares of Kohl’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $22.00 in a report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $15.31.

Kohl’s 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.