Rhumbline Advisers Sells 1,381 Shares of Kohl’s Corporation $KSS

Rhumbline Advisers lessened its stake in shares of Kohl’s Corporation (NYSE:KSS) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 272,569 shares of the company’s stock after selling 1,381 shares during the quarter. Rhumbline Advisers owned about 0.24% of Kohl’s worth $2,230,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KSS. National Bank of Canada FI bought a new stake in shares of Kohl’s during the 1st quarter worth about $25,000. Smartleaf Asset Management LLC boosted its stake in Kohl’s by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock valued at $26,000 after purchasing an additional 1,887 shares during the period. CWM LLC boosted its stake in Kohl’s by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company’s stock valued at $34,000 after purchasing an additional 1,386 shares during the period. State of Wyoming bought a new stake in Kohl’s during the 4th quarter valued at approximately $35,000. Finally, Cheviot Value Management LLC bought a new stake in Kohl’s during the 1st quarter valued at approximately $36,000. Institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

KSS has been the subject of several recent analyst reports. Gordon Haskett upgraded Kohl’s from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 27th. The Goldman Sachs Group increased their target price on Kohl’s from $7.00 to $11.00 and gave the company a “sell” rating in a research note on Thursday, August 28th. Citigroup increased their target price on Kohl’s from $8.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Wall Street Zen upgraded Kohl’s from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Finally, JPMorgan Chase & Co. upped their price target on Kohl’s from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.46.

Kohl’s Stock Up 3.4%

NYSE KSS opened at $17.22 on Thursday. The firm has a market cap of $1.93 billion, a PE ratio of 9.31 and a beta of 1.74. Kohl’s Corporation has a one year low of $6.04 and a one year high of $21.39. The stock’s 50 day simple moving average is $13.28 and its 200 day simple moving average is $9.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19.

Kohl’s (NYSE:KSS) last released 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 for the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a return on equity of 4.62% and a net margin of 1.31%.Kohl’s’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, sell-side analysts forecast that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, September 10th. Kohl’s’s dividend payout ratio (DPR) is presently 27.03%.

Kohl’s Company Profile

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.