Kohl’s Corporation $KSS Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in shares of Kohl’s Corporation (NYSE:KSS) by 10.3% in the 3rd quarter, Holdings Channel reports. The fund owned 3,858,144 shares of the company’s stock after selling 444,979 shares during the period. Allianz Asset Management GmbH’s holdings in Kohl’s were worth $59,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of KSS. State of Wyoming acquired a new stake in shares of Kohl’s during the 3rd quarter worth approximately $297,000. Jones Financial Companies Lllp boosted its holdings in Kohl’s by 6.1% during the third quarter. Jones Financial Companies Lllp now owns 76,143 shares of the company’s stock worth $1,236,000 after buying an additional 4,371 shares in the last quarter. Arizona State Retirement System grew its position in Kohl’s by 2.0% during the third quarter. Arizona State Retirement System now owns 33,154 shares of the company’s stock valued at $510,000 after buying an additional 666 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Kohl’s by 3,855.1% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,729 shares of the company’s stock valued at $42,000 after buying an additional 2,660 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Kohl’s by 22.7% in the third quarter. Ballentine Partners LLC now owns 16,520 shares of the company’s stock worth $254,000 after acquiring an additional 3,052 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Stock Performance

NYSE KSS opened at $18.19 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12. The stock’s 50 day simple moving average is $20.84 and its 200-day simple moving average is $17.25. 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 1-year low of $6.04 and a 1-year high of $25.22.

Kohl’s (NYSE:KSS) last issued its quarterly 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. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. As a group, equities research analysts anticipate that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Kohl’s from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Evercore ISI increased their price target on Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective (up from $16.00) on shares of Kohl’s in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. Finally, BTIG Research reissued a “neutral” rating on shares of Kohl’s in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and six have issued 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.

Insider Buying and Selling at Kohl’s

In related news, CFO Jill Timm sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $22.75, for a total transaction of $568,750.00. Following the transaction, the chief financial officer directly owned 335,561 shares in the company, valued at approximately $7,634,012.75. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.