Voya Investment Management LLC Sells 28,931 Shares of Kohl's Corporation $KSS

Key Points

• Voya Investment Management LLC reduced its stake in Kohl's Corporation by 67.8%, selling 28,931 shares, leaving it with only 13,735 shares valued at $112,000 at the end of the quarter.
• Analysts have mixed views on Kohl's, with one upgrade to a "hold" rating while target prices vary from $5.00 to $16.00, indicating uncertainty about the stock's future performance.
• Kohl's reported $0.56 earnings per share for the last quarter, exceeding estimates, though revenue decreased by 5.0% compared to the previous year.

Voya Investment Management LLC lowered its stake in Kohl's Corporation (NYSE:KSS - Free Report) by 67.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,735 shares of the company's stock after selling 28,931 shares during the quarter. Voya Investment Management LLC's holdings in Kohl's were worth $112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KSS. National Bank of Canada FI bought a new stake in Kohl's in the first quarter valued at approximately $25,000. Smartleaf Asset Management LLC raised its position in Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after purchasing an additional 1,887 shares during the last quarter. CWM LLC raised its position in Kohl's by 49.7% during 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 during the last quarter. Cheviot Value Management LLC bought a new position in Kohl's during the 1st quarter valued at approximately $36,000. Finally, Twin Tree Management LP bought a new position in Kohl's during the 1st quarter valued at approximately $37,000. Institutional investors own 98.04% of the company's stock.

Wall Street Analyst Weigh In

KSS has been the subject of a number of recent analyst reports. Wall Street Zen raised Kohl's from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. Telsey Advisory Group upped their target price on Kohl's from $9.00 to $16.00 and gave the stock a "market perform" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. upped their target price on Kohl's from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. The Goldman Sachs Group upped their target price on Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a report on Thursday, August 28th. Finally, Barclays upped their target price on Kohl's from $5.00 to $8.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, Kohl's currently has an average rating of "Reduce" and an average price target of $12.75.

Kohl's Stock Performance

Kohl's stock opened at $15.86 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 company has a market capitalization of $1.78 billion, a P/E ratio of 8.57 and a beta of 1.71. The stock's 50 day moving average is $14.50 and its 200 day moving average is $10.35. Kohl's Corporation has a twelve month low of $6.04 and a twelve month high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.37 billion. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, equities research analysts predict that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given 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 dividend payout ratio is 27.03%.

Kohl's Company 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.

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