Allianz Asset Management GmbH Sells 444,979 Shares of Kohl’s Corporation $KSS

Allianz Asset Management GmbH cut its stake in Kohl’s Corporation (NYSE:KSS) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,858,144 shares of the company’s stock after selling 444,979 shares during the quarter. Allianz Asset Management GmbH owned about 3.44% of Kohl’s worth $59,300,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in Kohl’s in the third quarter valued at about $28,000. Caldwell Trust Co bought a new stake in shares of Kohl’s in the 3rd quarter valued at about $33,000. Future Financial Wealth Managment LLC grew its position in shares of Kohl’s by 400.0% in 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Kohl’s by 3,855.1% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,729 shares of the company’s stock worth $42,000 after acquiring an additional 2,660 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of Kohl’s by 46.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,832 shares of the company’s stock worth $44,000 after acquiring an additional 898 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KSS has been the topic of several analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. Gordon Haskett raised Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday, November 25th. TD Cowen reissued a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective (up previously from $16.00) on shares of Kohl’s in a report on Tuesday, November 25th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $15.55.

Kohl’s Stock Up 0.6%

Kohl’s stock opened at $18.19 on Thursday. The business’s 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $17.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The company has a market cap of $2.04 billion, a PE ratio of 10.58 and a beta of 1.44. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $25.22.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Equities analysts anticipate that Kohl’s Corporation will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were paid a $0.125 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. Kohl’s’s dividend payout ratio is presently 29.07%.

Insider Activity

In related news, CFO Jill Timm sold 25,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $22.75, for a total transaction of $568,750.00. Following the completion of the transaction, the chief financial officer directly owned 335,561 shares in the company, valued at $7,634,012.75. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.