Kohl’s Corporation $KSS Shares Sold by Independent Wealth Network Inc.

Independent Wealth Network Inc. cut its position in shares of Kohl’s Corporation (NYSE:KSS) by 46.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,013 shares of the company’s stock after selling 31,200 shares during the quarter. Independent Wealth Network Inc.’s holdings in Kohl’s were worth $554,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of KSS. Viawealth LLC lifted its stake in Kohl’s by 7.2% during the second quarter. Viawealth LLC now owns 12,998 shares of the company’s stock valued at $110,000 after buying an additional 873 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Kohl’s by 5.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company’s stock valued at $201,000 after acquiring an additional 1,106 shares during the period. Allworth Financial LP raised its holdings in shares of Kohl’s by 11.7% during the second quarter. Allworth Financial LP now owns 10,698 shares of the company’s stock valued at $91,000 after acquiring an additional 1,117 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Kohl’s in the 3rd quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC boosted its stake in Kohl’s by 161.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock worth $26,000 after purchasing an additional 1,887 shares during the period. Institutional investors own 98.04% of the company’s stock.

Insider Transactions at Kohl’s

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer owned 325,561 shares in the company, valued at $7,813,464. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Kohl’s Stock Down 0.5%

Shares of Kohl’s stock opened at $21.31 on Thursday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 12.39 and a beta of 1.45. The stock has a 50-day simple moving average of $19.34 and a 200-day simple moving average of $15.06. Kohl’s Corporation has a 52-week low of $6.04 and a 52-week high of $25.22. 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 quarterly earnings data 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 analyst estimates of $3.37 billion. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, equities research analysts expect that Kohl’s Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, December 10th. Kohl’s’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Kohl’s from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, August 28th. The Goldman Sachs Group raised their price objective on Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, November 26th. Jefferies Financial Group lifted their target price on Kohl’s from $20.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Cowen reissued a “hold” rating on shares of Kohl’s in a research report on Wednesday, November 26th. Finally, UBS Group raised their price target on shares of Kohl’s from $4.50 to $7.00 and gave the stock a “sell” rating in a report on Wednesday, November 26th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company 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.