Kohl’s Corporation $KSS Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its holdings in shares of Kohl’s Corporation (NYSE:KSS) by 17.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458,283 shares of the company’s stock after selling 96,499 shares during the quarter. Advisors Asset Management Inc. owned about 0.41% of Kohl’s worth $3,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in Kohl’s in the 2nd quarter valued at about $94,000. Prudential Financial Inc. raised its holdings in shares of Kohl’s by 6.9% in the 2nd quarter. Prudential Financial Inc. now owns 117,725 shares of the company’s stock valued at $998,000 after purchasing an additional 7,582 shares in the last quarter. American Century Companies Inc. lifted its holdings in Kohl’s by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 4,690,642 shares of the company’s stock worth $39,777,000 after buying an additional 220,427 shares during the last quarter. Rhumbline Advisers lifted its stake in Kohl’s by 23.9% during the second quarter. Rhumbline Advisers now owns 337,741 shares of the company’s stock worth $2,864,000 after purchasing an additional 65,172 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Kohl’s by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 397,202 shares of the company’s stock valued at $3,368,000 after buying an additional 9,922 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Trading Up 7.5%

NYSE KSS opened at $24.11 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.03 and a beta of 1.78. The company’s 50 day moving average price is $16.70 and its 200 day moving average price is $13.05. Kohl’s Corporation has a one year low of $6.04 and a one year high of $24.91.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The firm had revenue of $3.58 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 firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, sell-side analysts predict that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. Kohl’s’s dividend payout ratio is 27.03%.

Wall Street Analyst Weigh In

KSS has been the subject of a number of research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective (up previously from $16.00) on shares of Kohl’s in a research note on Tuesday. Wall Street Zen raised Kohl’s from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday. Cowen reissued a “hold” rating on shares of Kohl’s in a research note on Wednesday. Finally, Morgan Stanley raised their price target on Kohl’s from $5.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $15.18.

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.