Parallel Advisors LLC Sells 4,006 Shares of Kohl’s Corporation $KSS

Parallel Advisors LLC lessened its holdings in Kohl’s Corporation (NYSE:KSS) by 25.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,663 shares of the company’s stock after selling 4,006 shares during the quarter. Parallel Advisors LLC’s holdings in Kohl’s were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KSS. Cetera Investment Advisers boosted its position in shares of Kohl’s by 7.9% in the fourth quarter. Cetera Investment Advisers now owns 25,453 shares of the company’s stock valued at $357,000 after acquiring an additional 1,859 shares during the period. State of Wyoming bought a new stake in shares of Kohl’s in the fourth quarter valued at about $35,000. Vident Advisory LLC boosted its position in shares of Kohl’s by 9.3% in the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock valued at $160,000 after acquiring an additional 967 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kohl’s by 13.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company’s stock valued at $6,022,000 after acquiring an additional 50,671 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kohl’s during the 4th quarter worth $2,978,000. Institutional investors own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KSS shares. JPMorgan Chase & Co. raised their price objective on Kohl’s from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, August 28th. Robert W. Baird raised their price objective on Kohl’s from $9.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Evercore ISI upped their price objective on shares of Kohl’s from $8.00 to $13.00 and gave the stock an “in-line” rating in a research report on Thursday, August 28th. Morgan Stanley upped their price objective on shares of Kohl’s from $5.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, September 18th. Finally, UBS Group upped 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. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $12.75.

Kohl’s Trading Down 0.4%

KSS opened at $17.21 on Thursday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.30 and a beta of 1.74. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. Kohl’s Corporation has a twelve month low of $6.04 and a twelve month high of $21.39. The company has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $10.13.

Kohl’s (NYSE:KSS) last posted its 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 firm 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 revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Analysts predict that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. Kohl’s’s dividend payout ratio is 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.