Mitsubishi UFJ Trust & Banking Corp Sells 126,880 Shares of Kohl’s Corporation $KSS

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Kohl’s Corporation (NYSE:KSS) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515,442 shares of the company’s stock after selling 126,880 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kohl’s were worth $7,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in KSS. Harbor Capital Advisors Inc. purchased a new stake in shares of Kohl’s in the 3rd quarter worth about $28,000. Caldwell Trust Co purchased a new position in shares of Kohl’s during the third quarter valued at approximately $33,000. Future Financial Wealth Managment LLC raised its stake in Kohl’s by 400.0% during the third quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock valued at $38,000 after buying an additional 2,000 shares during the last quarter. Blue Trust Inc. raised 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 last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in Kohl’s in the second quarter worth about $85,000. Institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Gordon Haskett upgraded Kohl’s from an “accumulate” rating to a “buy” rating in a research note on Tuesday, November 25th. Citigroup raised their price objective on shares of Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. BTIG Research reiterated a “neutral” rating on shares of Kohl’s in a research report on Tuesday, November 25th. UBS Group lifted their price target on shares of Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a report on Wednesday, November 26th. Finally, TD Cowen reissued a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, Kohl’s currently has a consensus rating of “Reduce” and a consensus target price of $15.55.

Insiders Place Their Bets

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the firm’s 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Kohl’s Price Performance

KSS stock opened at $17.22 on Thursday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 10.01 and a beta of 1.42. Kohl’s Corporation has a 52 week low of $6.04 and a 52 week high of $25.22. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $20.93 and a two-hundred day simple moving average of $16.97.

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, topping the consensus estimate of ($0.19) by $0.29. The company 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 firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. 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 announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, December 10th. Kohl’s’s dividend payout ratio (DPR) is 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.