SG Americas Securities LLC Cuts Stake in Kohl’s Corporation $KSS

SG Americas Securities LLC reduced its stake in Kohl’s Corporation (NYSE:KSS) by 47.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,434 shares of the company’s stock after selling 116,449 shares during the period. SG Americas Securities LLC’s holdings in Kohl’s were worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Kohl’s in the 4th quarter worth about $49,796,000. JPMorgan Chase & Co. grew its position in Kohl’s by 3,123.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock valued at $30,912,000 after purchasing an additional 1,948,783 shares during the last quarter. Wells Fargo & Company MN increased its stake in Kohl’s by 118.0% during 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 in the last quarter. Renaissance Technologies LLC bought a new stake in Kohl’s during the 4th quarter valued at about $26,343,000. Finally, Hancock Whitney Corp bought a new stake in Kohl’s during the 3rd quarter valued at about $17,125,000. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Price Performance

NYSE KSS opened at $18.30 on Friday. Kohl’s Corporation has a one year low of $8.88 and a one year high of $25.22. The stock has a 50-day moving average of $15.31 and a 200 day moving average of $16.49. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.31 and a current ratio of 1.48. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 7.75 and a beta of 1.40.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 28th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate 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 was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.13) EPS. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. On average, sell-side analysts forecast that Kohl’s Corporation will post 1.38 EPS for the current year.

Kohl’s Dividend Announcement

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 $0.125 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. Kohl’s’s payout ratio is presently 21.19%.

Analyst Upgrades and Downgrades

KSS has been the topic of several analyst reports. Bank of America dropped their target price on shares of Kohl’s from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Kohl’s from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Zacks Research lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. JPMorgan Chase & Co. decreased their price objective on shares of Kohl’s from $22.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Finally, TD Cowen upped their price objective on Kohl’s from $13.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $14.85.

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.