PARK CIRCLE Co Sells 37,000 Shares of Kohl's Corporation $KSS

Key Points

• PARK CIRCLE Co has reduced its stake in Kohl's Corporation by 50%, selling 37,000 shares, leaving them with holdings worth $314,000.
• Several institutional investors have adjusted their positions in Kohl's, with National Bank of Canada FI and others purchasing stakes valued between $25,000 and $37,000.
• Kohl's reported quarterly earnings of $0.56 per share, exceeding estimates, but its revenue of $3.35 billion fell short of analyst predictions, reflecting a 5% year-over-year decline.

PARK CIRCLE Co reduced its position in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,000 shares of the company's stock after selling 37,000 shares during the period. PARK CIRCLE Co's holdings in Kohl's were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI bought a new stake in shares of Kohl's during the 1st quarter worth $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after acquiring an additional 1,887 shares during the last quarter. CWM LLC boosted its stake in shares of Kohl's by 49.7% in the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of Kohl's during the 1st quarter valued at approximately $36,000. Finally, Twin Tree Management LP bought a new stake in shares of Kohl's during the 1st quarter valued at approximately $37,000. Institutional investors own 98.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KSS. UBS Group raised their target price on shares of Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, August 28th. Gordon Haskett upgraded Kohl's from a "hold" rating to an "accumulate" rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded Kohl's from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. Barclays lifted their price target on Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a research note on Thursday, August 28th. Finally, Robert W. Baird upped their price objective on Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kohl's currently has a consensus rating of "Reduce" and a consensus target price of $12.75.

Kohl's Price Performance

KSS stock opened at $15.74 on Thursday. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 8.51 and a beta of 1.71. The company's fifty day simple moving average is $14.89 and its 200 day simple moving average is $10.62. Kohl's Corporation has a 12-month low of $6.04 and a 12-month high of $21.39.

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

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.50 annualized dividend and a yield of 3.2%. Kohl's's payout ratio is 27.03%.

About Kohl's

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.

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