Hsbc Holdings PLC Has $1.90 Million Position in Kohl's Corporation $KSS

Key Points

• Hsbc Holdings PLC reduced its Kohl’s stake by 64.4% in the second quarter, selling 195,066 shares and retaining 107,940 shares valued at approximately $1.90 million. Institutional investors collectively own 98.04% of the company.
• Kohl’s reported quarterly earnings of $1.28 per share, significantly exceeding the $0.58 analyst consensus, while revenue of $3.52 billion also topped expectations. Revenue was down 0.9% year over year.
• The stock opened at $17.29, below the analyst consensus price target of $16.17 overall, with ratings skewed toward “Hold” and “Sell.” Kohl’s also declared a quarterly dividend of $0.125 per share, representing a 2.9% yield.

Hsbc Holdings PLC cut its holdings in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 64.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,940 shares of the company's stock after selling 195,066 shares during the period. Hsbc Holdings PLC owned about 0.10% of Kohl's worth $1,896,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new stake in Kohl's in the 4th quarter valued at about $49,796,000. Wells Fargo & Company MN grew its position 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 period. Renaissance Technologies LLC acquired a new position in Kohl's during the fourth quarter worth $26,343,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kohl's by 107.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,479,061 shares of the company's stock valued at $31,980,000 after buying an additional 1,286,710 shares during the last quarter. Finally, Hancock Whitney Corp bought a new stake in shares of Kohl's during the third quarter worth about $17,125,000. 98.04% of the stock is currently owned by institutional investors.

Kohl's Price Performance

KSS opened at $17.29 on Friday. The stock has a 50-day moving average price of $18.24 and a 200-day moving average price of $15.99. Kohl's Corporation has a 12-month low of $11.38 and a 12-month high of $25.22. The company has a current ratio of 1.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.96 billion, a P/E ratio of 7.55 and a beta of 1.37.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.70. Kohl's had a return on equity of 6.75% and a net margin of 1.75%.The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the firm posted $0.56 EPS. Kohl's's revenue for the quarter was down .9% compared to the same quarter last year. Kohl's has set its FY 2026 guidance at 1.800-2.400 EPS. Equities analysts predict that Kohl's Corporation will post 2.09 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders 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 yield of 2.9%. Kohl's's payout ratio is currently 21.83%.

Insider Activity

In other news, EVP Jennifer Kent sold 22,942 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $20.00, for a total value of $458,840.00. Following the completion of the sale, the executive vice president owned 234,452 shares of the company's stock, valued at approximately $4,689,040. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.55% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup upgraded Kohl's from a "neutral" rating to a "buy" rating and lifted their price target for the company from $14.00 to $22.00 in a research note on Monday, June 1st. Morgan Stanley reissued an "underweight" rating and issued a $15.00 price target on shares of Kohl's in a research report on Monday, July 6th. Weiss Ratings raised shares of Kohl's from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. UBS Group boosted their target price on Kohl's from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday, May 29th. 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 note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $16.17.

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.

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