Kohl’s Corporation $KSS Stock Position Lowered by Hestia Capital Management LLC

Hestia Capital Management LLC trimmed its holdings in Kohl’s Corporation (NYSE:KSS) by 19.4% in the third quarter, Holdings Channel reports. The institutional investor owned 204,500 shares of the company’s stock after selling 49,200 shares during the quarter. Kohl’s accounts for approximately 2.0% of Hestia Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Hestia Capital Management LLC’s holdings in Kohl’s were worth $3,143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Baird Financial Group Inc. bought a new position in shares of Kohl’s in the first quarter worth $96,000. Caxton Associates LLP bought a new position in Kohl’s in the 1st quarter worth about $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kohl’s by 14.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock valued at $4,006,000 after buying an additional 60,769 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Kohl’s by 5.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company’s stock valued at $201,000 after buying an additional 1,106 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Kohl’s by 51.2% during the second quarter. Annex Advisory Services LLC now owns 316,108 shares of the company’s stock valued at $2,681,000 after buying an additional 106,976 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on KSS. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a research note on Tuesday, November 25th. Jefferies Financial Group started coverage on shares of Kohl’s in a research report on Wednesday. They set a “hold” rating and a $22.00 price target for the company. Cowen reiterated a “hold” rating on shares of Kohl’s in a research report on Wednesday, November 26th. Citigroup boosted 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. Finally, Zacks Research raised Kohl’s from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $15.55.

Insider Transactions at Kohl’s

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 transaction of $568,750.00. Following the completion of the transaction, the chief financial officer owned 335,561 shares of the company’s stock, 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 at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Kohl’s Trading Down 3.5%

Shares of KSS opened at $18.59 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $25.22. The firm has a 50 day moving average price of $20.79 and a 200-day moving average price of $16.44. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.81 and a beta of 1.42.

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

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, December 10th. Kohl’s’s payout ratio is currently 29.07%.

Kohl’s Profile

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.