Kohl's Corporation $KSS Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC sharply reduced its Kohl's stake by 73.5% in the first quarter, selling 838,926 shares and leaving it with 303,006 shares worth about $3.88 million.
• Kohl's recently reported better-than-expected quarterly results, with EPS of -$0.13 versus estimates of -$0.18 and revenue of $3.17 billion versus expectations of $2.99 billion.
• Analyst sentiment remains cautious overall: the stock has an average "Reduce" rating and a consensus price target of $15.31, even though some firms recently upgraded or raised targets.

Hsbc Holdings PLC cut its stake in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 73.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 303,006 shares of the company's stock after selling 838,926 shares during the period. Hsbc Holdings PLC owned approximately 0.27% of Kohl's worth $3,882,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KSS. Quantum Portfolio Management LLC purchased a new stake in shares of Kohl's in the first quarter valued at about $565,000. Saxon Interests Inc. raised its holdings in Kohl's by 73.5% during the first quarter. Saxon Interests Inc. now owns 24,414 shares of the company's stock worth $315,000 after purchasing an additional 10,340 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Kohl's during the first quarter worth about $434,000. Leonteq Securities AG lifted its position in Kohl's by 13.0% in the first quarter. Leonteq Securities AG now owns 64,333 shares of the company's stock valued at $830,000 after purchasing an additional 7,401 shares during the period. Finally, Independent Wealth Network Inc. lifted its position in Kohl's by 3.1% in the first quarter. Independent Wealth Network Inc. now owns 38,092 shares of the company's stock valued at $491,000 after purchasing an additional 1,139 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KSS shares. Gordon Haskett cut Kohl's from a "buy" rating to a "hold" rating and set a $14.00 price objective for the company. in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Kohl's from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, June 5th. UBS Group raised their price objective on shares of Kohl's from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday, May 29th. Bank of America decreased their price objective on shares of Kohl's from $15.00 to $14.00 and set an "underperform" rating on the stock in a report on Friday, May 29th. Finally, Citigroup raised shares of Kohl's from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $14.00 to $22.00 in a report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, Kohl's currently has an average rating of "Reduce" and a consensus price target of $15.31.

Kohl's Trading Down 1.5%

Shares of Kohl's stock opened at $17.92 on Friday. 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 1 year low of $10.33 and a 1 year high of $25.22. The company has a market capitalization of $2.03 billion, a P/E ratio of 7.59 and a beta of 1.40. The business has a 50 day moving average price of $16.39 and a 200 day moving average price of $16.04.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.05. The firm 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 earned ($0.13) EPS. Kohl's has set its FY 2026 guidance at 1.000-1.600 EPS. Sell-side analysts anticipate that Kohl's Corporation will post 1.36 EPS for the current fiscal year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. Kohl's's dividend payout ratio (DPR) is presently 21.19%.

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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