Vanguard Amends Kohl's Stake, Maintains Significant Position
Ticker: KSS · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 885639
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, retail, passive-investing
TL;DR
**Vanguard still holds a big chunk of Kohl's, signaling continued institutional interest.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its beneficial ownership of Kohl's Corp (KSS) common stock as of December 29, 2023. This filing, Amendment No. 9, updates their previous disclosures, showing their continued significant stake in the department store chain. For investors, this matters because Vanguard is a large institutional holder, and changes in their position can signal their long-term confidence (or lack thereof) in Kohl's future performance, potentially influencing other investors.
Why It Matters
This filing confirms Vanguard's ongoing substantial investment in Kohl's, providing a signal of institutional confidence in the company's long-term prospects. It's a routine update but important for understanding major shareholder positions.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant change in their position or company fundamentals.
Analyst Insight
A smart investor would note Vanguard's continued presence as a significant shareholder, but recognize this filing is a routine update and doesn't signal an immediate buy or sell action. It reinforces that large institutions still see value in Kohl's.
Key Players & Entities
- The Vanguard Group (company) — the reporting person and a major institutional investor
- Kohl's Corp (company) — the issuer of the securities
- December 29, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 9 (number) — the specific amendment number for this filing
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like The Vanguard Group, has updated its beneficial ownership of a company's securities, in this case, Kohl's Corp, as of a specific date (December 29, 2023).
Who is the reporting person in this filing?
The reporting person is The Vanguard Group, identified with IRS Identification No. 23-1945930 and organized in Pennsylvania, as stated in the filing.
What is the subject company of this filing?
The subject company is Kohl's Corp, with the CUSIP Number 500255104 for its Common Stock, as detailed in the 'Name of issuer' section.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as explicitly stated in the filing.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Stats: 808 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-02-13 17:07:59
Filing Documents
- tv01294-kohlscorp.htm (SC 13G/A) — 11KB
- 0001104659-24-021300.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Kohl's Corp
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: N56 West17000 Ridgewood Drive Menomonee Falls, WI 53051
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 500255104
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration