Bank of America Corp DE Sells 57,644 Shares of Kohl's Corporation $KSS

Bank of America Corp DE decreased its position in Kohl's Corporation (NYSE:KSS - Free Report) by 4.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,187,109 shares of the company's stock after selling 57,644 shares during the period. Bank of America Corp DE owned approximately 1.06% of Kohl's worth $15,314,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KSS. Kentucky Retirement Systems bought a new position in shares of Kohl's during the 1st quarter valued at about $214,000. California State Teachers Retirement System increased its stake in Kohl's by 24.3% during the 1st quarter. California State Teachers Retirement System now owns 131,975 shares of the company's stock worth $1,702,000 after purchasing an additional 25,811 shares in the last quarter. Royal Bank of Canada raised its holdings in Kohl's by 60.1% during the 1st quarter. Royal Bank of Canada now owns 159,401 shares of the company's stock worth $2,056,000 after buying an additional 59,833 shares during the period. Empowered Funds LLC raised its holdings in Kohl's by 23.5% during the 1st quarter. Empowered Funds LLC now owns 666,072 shares of the company's stock worth $8,592,000 after buying an additional 126,550 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Kohl's by 38.8% in the first quarter. Quantinno Capital Management LP now owns 368,911 shares of the company's stock valued at $4,759,000 after buying an additional 103,039 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Price Performance

Shares of NYSE KSS opened at $17.36 on Friday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 7.36 and a beta of 1.40. The business has a 50-day moving average of $18.16 and a 200-day moving average of $16.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 0.31. Kohl's Corporation has a fifty-two week low of $11.38 and a fifty-two week high of $25.22.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.05. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.99 billion. Kohl's had a return on equity of 4.67% and a net margin of 1.76%.Kohl's's revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) earnings per share. Kohl's has set its FY 2026 guidance at 1.000-1.600 EPS. As a group, sell-side analysts predict that Kohl's Corporation will post 1.38 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. Kohl's's dividend payout ratio (DPR) is currently 21.19%.

Wall Street Analyst Weigh In

KSS has been the subject of several research reports. Wall Street Zen downgraded shares of Kohl's from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Morgan Stanley reaffirmed an "underweight" rating and issued a $15.00 target price on shares of Kohl's in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their target price on Kohl's from $15.00 to $17.00 and gave the stock an "underweight" rating in a report on Tuesday. Weiss Ratings raised Kohl's from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Finally, Bank of America cut their price target on Kohl's from $15.00 to $14.00 and set an "underperform" rating on the stock in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, Kohl's currently has an average rating of "Reduce" and an average price target of $15.46.

Insider Buying and Selling at Kohl's

In related news, EVP Jennifer J. Kent sold 22,942 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $20.00, for a total transaction of $458,840.00. Following the transaction, the executive vice president directly owned 234,452 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.55% of the company's stock.

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.

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