Commonwealth Equity Services LLC Reduces Stock Position in Kohl’s Corporation $KSS

Commonwealth Equity Services LLC trimmed its stake in shares of Kohl’s Corporation (NYSE:KSS) by 5.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,291,101 shares of the company’s stock after selling 73,000 shares during the period. Commonwealth Equity Services LLC’s holdings in Kohl’s were worth $19,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Kohl’s in the 3rd quarter worth approximately $354,000. Harbor Capital Advisors Inc. purchased a new position in shares of Kohl’s in the 3rd quarter worth $28,000. Future Financial Wealth Managment LLC boosted its stake in shares of Kohl’s by 400.0% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC increased its position in Kohl’s by 6.5% during the third quarter. GAMMA Investing LLC now owns 49,486 shares of the company’s stock valued at $761,000 after acquiring an additional 3,010 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Kohl’s by 26.9% during the second quarter. Osaic Holdings Inc. now owns 32,998 shares of the company’s stock valued at $280,000 after acquiring an additional 7,003 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $20.50 on Friday. The stock has a market cap of $2.30 billion, a PE ratio of 11.92 and a beta of 1.42. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $25.22. The firm has a fifty day moving average price of $20.52 and a 200-day moving average price of $16.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.29. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.37 billion. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. Kohl’s’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Equities analysts anticipate that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, December 10th. Kohl’s’s dividend payout ratio (DPR) is 29.07%.

Insider Buying and Selling

In other Kohl’s news, CFO Jill Timm sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.75, for a total value of $568,750.00. Following the completion of the transaction, the chief financial officer directly owned 335,561 shares in the company, valued at $7,634,012.75. This represents a 6.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KSS shares. Citigroup raised their target price on Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Robert W. Baird set a $24.00 price objective on shares of Kohl’s in a research note on Wednesday, December 17th. Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday, November 25th. Evercore ISI upped their target price on shares of Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $15.73.

About Kohl’s

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.