UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Kohl's Corporation $KSS

Key Points

• UBS Asset Management reduced its Kohl’s stake by 18.2% in the second quarter, selling 75,556 shares and retaining 339,403 shares worth approximately $6.0 million. Institutional investors collectively own 98.04% of the company.
• Kohl’s reported quarterly earnings of $1.28 per share, beating estimates of $0.58, while revenue of $3.52 billion exceeded expectations. However, revenue declined 0.9% year over year, and analysts expect full-year earnings of approximately $2.09 per share.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and a $16.17 target price. Kohl’s also declared a quarterly dividend of $0.125 per share, representing a 2.7% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Kohl's Corporation (NYSE:KSS - Free Report) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 339,403 shares of the company's stock after selling 75,556 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Kohl's worth $6,014,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KSS. Pinnacle Holdings LLC acquired a new stake in shares of Kohl's during the second quarter worth about $47,000. Range Financial Group LLC increased its position in Kohl's by 265.0% during the second quarter. Range Financial Group LLC now owns 68,613 shares of the company's stock worth $1,216,000 after buying an additional 49,813 shares during the period. Annex Advisory Services LLC purchased a new stake in Kohl's in the second quarter valued at approximately $496,000. Bay Rivers Group acquired a new stake in shares of Kohl's in the second quarter valued at approximately $555,000. Finally, Empowered Funds LLC grew its position in shares of Kohl's by 23.5% during the first quarter. Empowered Funds LLC now owns 666,072 shares of the company's stock worth $8,592,000 after acquiring an additional 126,550 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KSS shares. Bank of America cut their target price 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. TD Cowen lifted their price objective on shares of Kohl's from $13.50 to $16.00 and gave the company a "hold" rating in a research note on Monday, June 8th. Gordon Haskett cut shares of Kohl's from a "buy" rating to a "hold" rating and set a $14.00 target price for the company. in a report on Friday, May 15th. Zacks Research upgraded shares of Kohl's from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 26th. Finally, Telsey Advisory Group raised their price target on Kohl's from $17.00 to $18.00 and gave the stock a "market perform" rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Kohl's has a consensus rating of "Reduce" and a consensus target price of $16.17.

Insider Buying and Selling

In related news, EVP Jennifer Kent sold 22,942 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were 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 in the company, valued at $4,689,040. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is currently owned by insiders.

Kohl's Stock Performance

NYSE:KSS opened at $18.61 on Wednesday. The firm's fifty day moving average price is $18.31 and its 200 day moving average price is $16.01. Kohl's Corporation has a 1-year low of $11.38 and a 1-year high of $25.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.41. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 8.12 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 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.70. Kohl's had a net margin of 1.75% and a return on equity of 6.75%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. Kohl's's quarterly revenue was down .9% on a year-over-year basis. Kohl's has set its FY 2026 guidance at 1.800-2.400 EPS. On average, sell-side analysts expect that Kohl's Corporation will post 2.09 EPS for the current year.

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 9th. Kohl's's dividend payout ratio is currently 21.83%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.