New York State Teachers Retirement System Sells 33,465 Shares of Kohl’s Corporation $KSS

New York State Teachers Retirement System cut its holdings in shares of Kohl’s Corporation (NYSE:KSS) by 28.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,905 shares of the company’s stock after selling 33,465 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Kohl’s worth $1,095,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Kohl’s during the 4th quarter worth approximately $49,796,000. JPMorgan Chase & Co. increased its stake in Kohl’s by 3,123.1% in the third quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock valued at $30,912,000 after acquiring an additional 1,948,783 shares during the last quarter. Wells Fargo & Company MN raised its position in Kohl’s by 118.0% during the fourth quarter. Wells Fargo & Company MN now owns 211,640 shares of the company’s stock valued at $4,320,000 after purchasing an additional 1,388,707 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Kohl’s during the fourth quarter valued at approximately $26,343,000. Finally, Hancock Whitney Corp bought a new stake in Kohl’s during the third quarter worth $17,125,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KSS. Zacks Research cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Bank of America reduced their price objective on Kohl’s from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Friday, May 29th. Wall Street Zen cut Kohl’s from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. TD Cowen boosted their target price on Kohl’s from $13.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $15.00 target price on shares of Kohl’s in a report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $15.31.

Kohl’s Trading Down 0.2%

NYSE KSS opened at $16.77 on Monday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 7.10 and a beta of 1.40. Kohl’s Corporation has a twelve month low of $9.19 and a twelve month high of $25.22. The company has a quick ratio of 0.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. The business’s fifty day moving average is $15.54 and its 200 day moving average is $16.25.

Kohl’s (NYSE:KSS) last announced its earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. Kohl’s had a net margin of 1.76% and a return on equity of 4.67%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned ($0.13) earnings per share. Kohl’s’s quarterly revenue was down 1.7% on a year-over-year basis. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. As a group, sell-side analysts expect that Kohl’s Corporation will post 1.36 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. Kohl’s’s payout ratio is 21.19%.

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.