Commonwealth Equity Services LLC Sells 73,000 Shares of Kohl’s Corporation $KSS

Commonwealth Equity Services LLC reduced its holdings in Kohl’s Corporation (NYSE:KSS) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,291,101 shares of the company’s stock after selling 73,000 shares during the quarter. Commonwealth Equity Services LLC owned about 1.15% of Kohl’s worth $19,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KSS. Harbor Capital Advisors Inc. purchased a new stake in Kohl’s in the third quarter worth $28,000. Future Financial Wealth Managment LLC raised its holdings in Kohl’s by 400.0% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock worth $38,000 after purchasing an additional 2,000 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Kohl’s by 73.1% in the 2nd quarter. Blue Trust Inc. now owns 6,591 shares of the company’s stock worth $56,000 after purchasing an additional 2,784 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Kohl’s during the 2nd quarter valued at about $85,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Kohl’s during the 2nd quarter valued at about $88,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of Kohl’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer owned 325,561 shares of the company’s stock, valued at approximately $7,813,464. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $20.50 on Friday. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $25.22. The firm’s 50-day moving average is $20.52 and its 200 day moving average is $16.05. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 11.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.29. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Sell-side analysts anticipate that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.50 annualized dividend and a yield of 2.4%. Kohl’s’s dividend payout ratio is 29.07%.

Analyst Ratings Changes

Several analysts have commented on the stock. Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a report on Tuesday, November 25th. Cowen restated a “hold” rating on shares of Kohl’s in a research note on Wednesday, November 26th. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a research note on Tuesday, November 25th. Citigroup increased their price objective on Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Jefferies Financial Group boosted their target price on shares of Kohl’s from $20.00 to $24.00 and gave the company a “hold” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s presently has a consensus rating of “Reduce” and an average target price of $15.73.

Kohl’s Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.