Kohl’s Corporation $KSS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Kohl’s Corporation (NYSE:KSS) by 11.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,301 shares of the company’s stock after selling 1,909 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kohl’s were worth $121,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Hussman Strategic Advisors Inc. lifted its stake in Kohl’s by 40.0% during the first quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $1,202,000 after purchasing an additional 42,000 shares during the last quarter. New Republic Capital LLC acquired a new stake in Kohl’s during the first quarter worth approximately $243,000. Jefferies Financial Group Inc. acquired a new stake in Kohl’s during the 1st quarter worth $409,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Kohl’s by 37.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company’s stock worth $1,649,000 after acquiring an additional 53,518 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Kohl’s by 313.1% during the first quarter. XTX Topco Ltd now owns 142,270 shares of the company’s stock worth $1,164,000 after purchasing an additional 107,831 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

KSS has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Kohl’s from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, August 28th. Evercore ISI upped their target price on shares of Kohl’s from $8.00 to $13.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. Morgan Stanley upped their target price on shares of Kohl’s from $5.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, September 18th. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $12.75.

Kohl’s Stock Performance

Shares of KSS opened at $15.76 on Friday. The company has a 50-day simple moving average of $15.95 and a 200-day simple moving average of $11.54. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.77 billion, a PE ratio of 8.52 and a beta of 1.71. Kohl’s Corporation has a 52-week low of $6.04 and a 52-week high of $21.39.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.23. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm posted $0.59 EPS. The business’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. Equities research analysts predict 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 was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were paid a $0.125 dividend. 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 (DPR) is presently 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.