SG Americas Securities LLC Sells 97,603 Shares of Kohl’s Corporation $KSS

SG Americas Securities LLC cut its holdings in Kohl’s Corporation (NYSE:KSS) by 83.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,427 shares of the company’s stock after selling 97,603 shares during the period. SG Americas Securities LLC’s holdings in Kohl’s were worth $299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Kohl’s during the third quarter worth approximately $28,000. Caldwell Trust Co acquired a new position in Kohl’s in the third quarter valued at approximately $33,000. Future Financial Wealth Managment LLC boosted its holdings in shares of Kohl’s by 400.0% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares in the last quarter. Blue Trust Inc. grew its position in shares of Kohl’s by 73.1% during the 2nd quarter. Blue Trust Inc. now owns 6,591 shares of the company’s stock worth $56,000 after buying an additional 2,784 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Kohl’s in the 2nd quarter valued at $85,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jill Timm sold 10,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were 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 in the company, valued at $7,813,464. This 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 this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KSS shares. Robert W. Baird set a $24.00 target price on shares of Kohl’s in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kohl’s in a research report on Thursday. The Goldman Sachs Group raised their target price on Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, November 26th. Evercore ISI upped their price target on Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 25th. Finally, Wall Street Zen upgraded Kohl’s from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $15.55.

Kohl’s Price Performance

Shares of NYSE KSS opened at $17.64 on Tuesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 10.25 and a beta of 1.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $25.22. The firm’s 50-day simple moving average is $20.85 and its 200 day simple moving average is $16.91.

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

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, December 10th. Kohl’s’s payout ratio is currently 29.07%.

About Kohl’s

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.