Maryland State Retirement & Pension System Has $276,000 Stock Position in Kohl’s Corporation $KSS

Maryland State Retirement & Pension System reduced its position in shares of Kohl’s Corporation (NYSE:KSS) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,522 shares of the company’s stock after selling 6,306 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Kohl’s were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake 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 worth $201,000 after buying an additional 1,106 shares during the period. CWM LLC raised its stake in Kohl’s by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after buying an additional 1,386 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Kohl’s by 14.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company’s stock worth $121,000 after buying an additional 1,849 shares during the period. Smartleaf Asset Management LLC raised 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 worth $26,000 after buying an additional 1,887 shares during the period. Finally, SummerHaven Investment Management LLC raised its stake in Kohl’s by 5.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 36,982 shares of the company’s stock worth $314,000 after buying an additional 1,971 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KSS shares. Evercore ISI upped their price target on Kohl’s from $8.00 to $13.00 and gave the stock an “in-line” rating in a research note on Thursday, August 28th. The Goldman Sachs Group increased their price objective on Kohl’s from $7.00 to $11.00 and gave the stock a “sell” rating in a research note on Thursday, August 28th. Barclays increased their price objective on Kohl’s from $5.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, August 28th. Robert W. Baird increased 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. Finally, Gordon Haskett raised Kohl’s from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, Kohl’s has a consensus rating of “Reduce” and an average target price of $12.75.

Kohl’s Price Performance

Shares of NYSE KSS opened at $15.48 on Wednesday. The stock has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $10.81. Kohl’s Corporation has a 1-year low of $6.04 and a 1-year high of $21.39. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 8.36 and a beta of 1.71. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.23. Kohl’s had a return on equity of 4.62% and a net margin of 1.31%.The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the company earned $0.59 earnings per share. Kohl’s’s revenue was down 5.0% compared to the same quarter last year. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Analysts anticipate that Kohl’s Corporation will post 1.3 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, September 10th. Kohl’s’s dividend payout ratio is 27.03%.

About Kohl’s

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.