Kohl’s Corporation $KSS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Kohl’s Corporation (NYSE:KSS) by 18.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 117,030 shares of the company’s stock after selling 26,922 shares during the period. SG Americas Securities LLC’s holdings in Kohl’s were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Kohl’s in the first quarter worth approximately $11,650,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Kohl’s in the 1st quarter valued at $7,818,000. AQR Capital Management LLC lifted its holdings in Kohl’s by 88.1% in the 1st quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company’s stock valued at $14,513,000 after purchasing an additional 831,055 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kohl’s by 43.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock worth $22,182,000 after purchasing an additional 785,936 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Kohl’s by 21.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock worth $36,490,000 after purchasing an additional 745,543 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KSS shares. Wall Street Zen upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. Morgan Stanley increased their price objective on shares of Kohl’s from $5.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, September 18th. Barclays raised their target price on shares of Kohl’s from $5.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. boosted their target price on Kohl’s from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. Finally, Evercore ISI increased their price target on Kohl’s from $8.00 to $13.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.75.

Kohl’s Trading Up 4.6%

KSS opened at $15.69 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 8.48 and a beta of 1.78. Kohl’s Corporation has a one year low of $6.04 and a one year high of $21.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36. The business’s 50 day moving average price is $16.31 and its 200 day moving average price is $12.68.

Kohl’s (NYSE:KSS) last posted its earnings results on Wednesday, August 27th. The company reported $0.56 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 company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter 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 research analysts expect that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 10th. Kohl’s’s dividend payout ratio (DPR) is 27.03%.

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.