Axxcess Wealth Management LLC Sells 873 Shares of Kohl’s Corporation $KSS

Axxcess Wealth Management LLC lowered its position in Kohl’s Corporation (NYSE:KSS) by 4.8% during the 2nd quarter, Holdings Channel reports. The firm owned 17,255 shares of the company’s stock after selling 873 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Kohl’s were worth $146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Kohl’s by 5.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company’s stock worth $201,000 after purchasing an additional 1,106 shares in the last quarter. CWM LLC boosted 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 acquiring an additional 1,386 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Kohl’s by 14.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company’s stock valued at $121,000 after acquiring an additional 1,849 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 acquiring an additional 1,887 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in Kohl’s by 5.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 36,982 shares of the company’s stock valued at $314,000 after acquiring an additional 1,971 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Telsey Advisory Group increased their target price on Kohl’s from $9.00 to $16.00 and gave the company a “market perform” rating in a research report on Wednesday, August 27th. Evercore ISI increased their target price on Kohl’s from $8.00 to $13.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. UBS Group increased their target price on Kohl’s from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, August 28th. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research report on Thursday, August 28th. Finally, Wall Street Zen raised Kohl’s from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Kohl’s currently has a consensus rating of “Reduce” and an average target price of $12.75.

Kohl’s Stock Down 2.1%

Kohl’s stock opened at $15.44 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 8.35 and a beta of 1.71. Kohl’s Corporation has a 1-year low of $6.04 and a 1-year high of $21.39. The business has a fifty day moving average price of $15.45 and a 200-day moving average price of $10.99.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.23. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.59 EPS. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Equities research analysts forecast that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were paid a $0.125 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.2%. Kohl’s’s dividend payout ratio (DPR) 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.