Advisors Asset Management Inc. Has $5.63 Million Stake in Kohl’s Corporation $KSS

Advisors Asset Management Inc. reduced its stake in shares of Kohl’s Corporation (NYSE:KSS) by 20.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 366,359 shares of the company’s stock after selling 91,924 shares during the period. Advisors Asset Management Inc. owned 0.33% of Kohl’s worth $5,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of Kohl’s by 4.9% during the second 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 period. Allianz Asset Management GmbH boosted its position in Kohl’s by 21.0% in the second quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock worth $36,490,000 after purchasing an additional 745,543 shares during the last quarter. Geode Capital Management LLC grew its position in Kohl’s by 43.0% during the second quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock valued at $22,182,000 after buying an additional 785,936 shares during the period. First Trust Advisors LP grew its position in shares of Kohl’s by 11.5% during the 2nd quarter. First Trust Advisors LP now owns 2,380,359 shares of the company’s stock valued at $20,185,000 after acquiring an additional 244,761 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Kohl’s by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 838,666 shares of the company’s stock valued at $7,112,000 after purchasing an additional 22,339 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Trading Up 0.7%

Shares of KSS stock opened at $18.91 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. Kohl’s Corporation has a 12-month low of $6.04 and a 12-month high of $25.22. The stock has a market capitalization of $2.12 billion, a P/E ratio of 10.99 and a beta of 1.44. The firm’s 50 day moving average is $20.15 and its 200 day moving average is $17.45.

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

Insider Activity

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird set a $24.00 price objective on Kohl’s in a research note on Wednesday, December 17th. Wall Street Zen upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. UBS Group increased their price target on shares of Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a research report on Wednesday, November 26th. Citigroup raised their price objective on Kohl’s from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Jefferies Financial Group began coverage on shares of Kohl’s in a report on Wednesday, January 14th. They issued a “hold” rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Reduce” and an average target price of $15.55.

Kohl’s Company 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.