338,188 Shares in Kohl’s Corporation $KSS Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in Kohl’s Corporation (NYSE:KSS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 338,188 shares of the company’s stock, valued at approximately $5,198,000. Federated Hermes Inc. owned about 0.30% of Kohl’s as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KSS. Baird Financial Group Inc. acquired a new position in shares of Kohl’s in the first quarter valued at approximately $96,000. Caxton Associates LLP bought a new position in Kohl’s during the 1st quarter worth $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kohl’s by 14.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock worth $4,006,000 after buying an additional 60,769 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Kohl’s by 5.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company’s stock valued at $201,000 after acquiring an additional 1,106 shares during the period. Finally, Truist Financial Corp grew its stake in shares of Kohl’s by 109.5% in the second quarter. Truist Financial Corp now owns 82,429 shares of the company’s stock valued at $699,000 after acquiring an additional 43,082 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the chief financial officer owned 325,561 shares of the company’s stock, valued at approximately $7,813,464. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Kohl’s Trading Up 2.6%

Shares of KSS stock opened at $17.93 on Tuesday. Kohl’s Corporation has a fifty-two week low of $6.04 and a fifty-two week high of $25.22. The stock’s fifty day moving average price is $21.04 and its two-hundred day moving average price is $17.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The company has a market cap of $2.01 billion, a PE ratio of 10.42 and a beta of 1.44.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.Kohl’s’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Equities analysts predict that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were given a $0.125 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. Kohl’s’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KSS shares. TD Cowen reissued a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. BTIG Research reissued a “neutral” rating on shares of Kohl’s in a research report on Tuesday, November 25th. Robert W. Baird set a $24.00 price objective on Kohl’s in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group upped their target price on Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $15.55.

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.