Wolverine Asset Management LLC Has $517,000 Stock Position in Kohl’s Corporation $KSS

Wolverine Asset Management LLC grew its stake in Kohl’s Corporation (NYSE:KSS) by 73.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,976 shares of the company’s stock after purchasing an additional 25,887 shares during the quarter. Wolverine Asset Management LLC owned about 0.05% of Kohl’s worth $517,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Simon Quick Advisors LLC acquired a new position in shares of Kohl’s in the 2nd quarter valued at $116,000. Y Intercept Hong Kong Ltd acquired a new stake in Kohl’s during the 2nd quarter worth $378,000. Envestnet Asset Management Inc. acquired a new stake in Kohl’s during the 2nd quarter worth $120,000. Ingalls & Snyder LLC raised its stake in Kohl’s by 59.0% during the 2nd quarter. Ingalls & Snyder LLC now owns 129,600 shares of the company’s stock worth $1,099,000 after buying an additional 48,100 shares during the period. Finally, AlphaQuest LLC raised its stake in Kohl’s by 25.0% during the 2nd quarter. AlphaQuest LLC now owns 16,198 shares of the company’s stock worth $137,000 after buying an additional 3,241 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

KSS has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research note on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research note on Thursday, August 28th. Evercore ISI raised their price objective on Kohl’s from $8.00 to $13.00 and gave the stock an “in-line” rating in a research note on Thursday, August 28th. UBS Group raised their price objective on Kohl’s from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, August 28th. Finally, Gordon Haskett raised Kohl’s from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, Kohl’s presently has an average rating of “Reduce” and an average target price of $12.75.

Kohl’s Stock Performance

KSS opened at $16.20 on Monday. The business’s 50-day moving average price is $16.00 and its two-hundred day moving average price is $11.69. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $21.39. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 8.76 and a beta of 1.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share (EPS) 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 firm 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. The company’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 expect that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.125 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. Kohl’s’s dividend payout ratio (DPR) is presently 27.03%.

Kohl’s 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.