Hsbc Holdings PLC Has $277,000 Stake in Kohl's Corporation $KSS

Key Points

• Hsbc Holdings PLC significantly reduced its stake in Kohl's Corporation by 66.1%, leaving them with a stock position worth $277,000 after selling 66,105 shares.
• Kohl's reported a quarterly earnings per share (EPS) of $0.56, exceeding estimates by $0.23, despite a 5.0% decline in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.125, which translates to a 3.0% annual yield for shareholders.

Hsbc Holdings PLC reduced its position in Kohl's Corporation (NYSE:KSS - Free Report) by 66.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,862 shares of the company's stock after selling 66,105 shares during the quarter. Hsbc Holdings PLC's holdings in Kohl's were worth $277,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KSS. Gate City Capital Management LLC bought a new position in Kohl's in the 4th quarter valued at about $12,773,000. Invesco Ltd. grew its holdings in shares of Kohl's by 29.7% during the 1st quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock valued at $24,323,000 after purchasing an additional 680,766 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Kohl's by 8.1% during the 1st quarter. American Century Companies Inc. now owns 4,470,215 shares of the company's stock valued at $36,566,000 after purchasing an additional 335,917 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of Kohl's during the 4th quarter valued at approximately $3,551,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Kohl's by 215.7% during the 4th quarter. BNP Paribas Financial Markets now owns 352,165 shares of the company's stock valued at $4,944,000 after purchasing an additional 240,626 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KSS has been the topic of several research reports. Barclays lifted their price target on shares of Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a report on Thursday, August 28th. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a report on Monday, September 1st. Cowen reaffirmed a "hold" rating on shares of Kohl's in a report on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, The Goldman Sachs Group lifted their price target on shares of Kohl's from $7.00 to $11.00 and gave the company a "sell" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company's stock. According to data from MarketBeat, Kohl's currently has a consensus rating of "Reduce" and an average price target of $12.46.

Kohl's Trading Down 3.7%

KSS traded down $0.61 during trading on Wednesday, reaching $16.01. 4,153,002 shares of the company's stock were exchanged, compared to its average volume of 8,759,560. Kohl's Corporation has a one year low of $6.04 and a one year high of $21.39. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.79 billion, a PE ratio of 8.65 and a beta of 1.74. The firm has a fifty day moving average price of $12.57 and a two-hundred day moving average price of $9.78.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.23. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, equities research analysts forecast that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.1%. Kohl's's payout ratio is 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.