BlackRock Amends Kohl's Stake, Maintains Significant Position
Ticker: KSS · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 885639
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing, retail
TL;DR
**BlackRock still owns a big chunk of Kohl's, no major changes reported.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of Kohl's Corp. common stock as of December 31, 2023. This filing, Amendment No. 2, indicates that BlackRock continues to hold a significant stake in Kohl's, a major department store retailer. For investors, this means a large institutional investor like BlackRock maintains confidence in Kohl's, which could be seen as a positive signal, but it doesn't reveal any new buying or selling activity beyond the reporting date.
Why It Matters
This filing confirms BlackRock's continued substantial ownership in Kohl's, signaling their ongoing belief in the company's value, which can influence other investors' perceptions.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate new risks or opportunities.
Analyst Insight
A smart investor would note BlackRock's continued presence as a significant shareholder but understand that this routine update doesn't provide new actionable insights into Kohl's future performance or BlackRock's current trading intentions beyond the December 31, 2023 reporting date.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- KOHLS Corp (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- 500255104 (number) — the CUSIP number for Kohl's Common Stock
FAQ
What type of filing is this document and what does it generally indicate?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like BlackRock Inc., is updating its ownership stake in a public company, in this case, KOHLS Corp, as of a specific date.
Who is the 'reporting person' in this SC 13G/A filing?
The reporting person in this filing is BlackRock Inc., identified by its Central Index Key (CIK) 0001364742 and business address at 50 Hudson Yards, New York, NY.
What is the 'subject company' whose securities are being reported?
The subject company is KOHLS Corp, identified by its CIK 0000885639, with its business address at N56 W17000 Ridgewood Dr, Menomonee Falls, WI.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the filing.
What is the 'Title of Class of Securities' that BlackRock Inc. is reporting on for KOHLS Corp?
The 'Title of Class of Securities' is Common Stock, as specified on the cover page of the SC 13G/A filing for KOHLS Corp.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding KOHLS Corp (KSS).