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

SG Americas Securities LLC cut its holdings in shares of Kohl’s Corporation (NYSE:KSS) by 83.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Kohl’s during the 3rd quarter worth $28,000. Caldwell Trust Co acquired a new stake in Kohl’s in the third quarter valued at about $33,000. Future Financial Wealth Managment LLC grew its position in Kohl’s by 400.0% in the third quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Blue Trust Inc. raised its stake in Kohl’s by 73.1% during the second quarter. Blue Trust Inc. now owns 6,591 shares of the company’s stock worth $56,000 after acquiring an additional 2,784 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Kohl’s during the second quarter worth about $85,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insiders Place Their Bets

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer owned 325,561 shares in the company, valued at approximately $7,813,464. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KSS. Wall Street Zen raised shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Evercore ISI boosted their target price on shares of Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target (up from $16.00) on shares of Kohl’s in a report on Tuesday, November 25th. Zacks Research raised Kohl’s from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Finally, Gordon Haskett upgraded Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $15.55.

Kohl’s Stock Performance

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

Kohl’s (NYSE:KSS) last announced its earnings results 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 for 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 business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Sell-side analysts expect that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were given 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 dividend payout ratio is currently 29.07%.

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.