New York State Teachers Retirement System Sells 10,918 Shares of Kohl’s Corporation $KSS

New York State Teachers Retirement System lowered its position in shares of Kohl’s Corporation (NYSE:KSS) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,901 shares of the company’s stock after selling 10,918 shares during the period. New York State Teachers Retirement System owned 0.09% of Kohl’s worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in KSS. GAMMA Investing LLC increased its stake in shares of Kohl’s by 360.2% during the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock worth $53,000 after purchasing an additional 5,053 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Kohl’s by 15.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,561 shares of the company’s stock worth $168,000 after buying an additional 2,759 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Kohl’s by 14.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company’s stock worth $121,000 after buying an additional 1,849 shares in the last quarter. Wealth Effects LLC acquired a new stake in Kohl’s during the first quarter worth approximately $123,000. Finally, Illinois Municipal Retirement Fund grew its position in Kohl’s by 22.7% during the first quarter. Illinois Municipal Retirement Fund now owns 73,632 shares of the company’s stock worth $602,000 after buying an additional 13,645 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 1.5%

Shares of KSS stock opened at $16.64 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $21.39. The company has a market cap of $1.86 billion, a PE ratio of 8.99 and a beta of 1.71. The stock’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $11.13.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.23. Kohl’s had a return on equity of 4.62% and a net margin of 1.31%.The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the business posted $0.59 EPS. Kohl’s’s revenue for the quarter was down 5.0% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Equities analysts predict that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. Kohl’s’s dividend payout ratio (DPR) is 27.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KSS. BTIG Research began coverage on Kohl’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Gordon Haskett raised Kohl’s from a “hold” rating to an “accumulate” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Kohl’s from $7.00 to $11.00 and gave the company a “sell” rating in a report on Thursday, August 28th. Finally, Telsey Advisory Group raised their target price on Kohl’s from $9.00 to $16.00 and gave the company a “market perform” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $12.75.

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.