Kohl’s (NYSE:KSS) EVP Jennifer Kent Sells 22,942 Shares of Stock

Kohl’s Corporation (NYSE:KSS) EVP Jennifer Kent sold 22,942 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $20.00, for a total transaction of $458,840.00. Following the sale, the executive vice president owned 234,452 shares in the company, valued at $4,689,040. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kohl’s Stock Up 0.3%

Shares of NYSE KSS opened at $20.16 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. Kohl’s Corporation has a 52 week low of $10.85 and a 52 week high of $25.22. The firm has a 50-day moving average price of $17.35 and a 200 day moving average price of $15.94. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 8.54 and a beta of 1.40.

Kohl’s (NYSE:KSS) last issued its earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.05. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.99 billion. Kohl’s had a net margin of 1.76% and a return on equity of 4.67%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) earnings per share. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. Equities research analysts anticipate that Kohl’s Corporation will post 1.36 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.5%. Kohl’s’s payout ratio is currently 21.19%.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Kohl’s during the fourth quarter valued at $49,796,000. Wells Fargo & Company MN raised its stake in Kohl’s by 118.0% in the 4th quarter. Wells Fargo & Company MN now owns 211,640 shares of the company’s stock valued at $4,320,000 after purchasing an additional 1,388,707 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Kohl’s in the 4th quarter valued at about $26,343,000. Arrowstreet Capital Limited Partnership lifted its holdings in Kohl’s by 107.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,479,061 shares of the company’s stock valued at $31,980,000 after purchasing an additional 1,286,710 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in shares of Kohl’s during the 3rd quarter worth about $17,125,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KSS. Bank of America dropped their price target on Kohl’s from $15.00 to $14.00 and set an “underperform” rating for the company in a research report on Friday, May 29th. Gordon Haskett lowered shares of Kohl’s from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Friday, May 15th. Morgan Stanley reissued an “underweight” rating and issued a $15.00 price objective on shares of Kohl’s in a research note on Monday, July 6th. Citigroup upgraded shares of Kohl’s from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $22.00 in a report on Monday, June 1st. Finally, TD Cowen lifted their target price on shares of Kohl’s from $13.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $15.31.

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.