Platinum Investment Management Ltd. Sells 4,293 Shares of Kohl’s Corporation $KSS

Platinum Investment Management Ltd. lowered its stake in Kohl’s Corporation (NYSE:KSS) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,136 shares of the company’s stock after selling 4,293 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Kohl’s were worth $264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hussman Strategic Advisors Inc. lifted its holdings in shares of Kohl’s by 40.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $1,202,000 after acquiring an additional 42,000 shares during the last quarter. New Republic Capital LLC bought a new position in shares of Kohl’s in the first quarter worth about $243,000. Jefferies Financial Group Inc. bought a new position in shares of Kohl’s in the first quarter worth about $409,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Kohl’s by 37.0% during 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 last quarter. Finally, XTX Topco Ltd raised its stake in shares of Kohl’s by 313.1% during the first quarter. XTX Topco Ltd now owns 142,270 shares of the company’s stock valued at $1,164,000 after acquiring an additional 107,831 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 3.2%

KSS opened at $15.86 on Thursday. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The stock has a market cap of $1.78 billion, a PE ratio of 8.57 and a beta of 1.71. The company has a fifty day moving average of $14.50 and a 200-day moving average of $10.35. Kohl’s Corporation has a twelve month low of $6.04 and a twelve month high of $21.39.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.23. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. On average, sell-side analysts predict that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, September 10th. Kohl’s’s dividend payout ratio (DPR) is presently 27.03%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KSS shares. Wall Street Zen raised shares of Kohl’s from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Telsey Advisory Group raised their price target on shares of Kohl’s from $9.00 to $16.00 and gave the company a “market perform” rating in a research note on Wednesday, August 27th. Robert W. Baird increased their price objective on shares of Kohl’s from $9.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. UBS Group increased their price objective on shares of Kohl’s from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, August 28th. Finally, Gordon Haskett upgraded shares of Kohl’s from a “hold” rating to an “accumulate” rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price 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.