Marex Group plc Acquires New Stake in Kohl’s Corporation $KSS

Marex Group plc acquired a new position in shares of Kohl’s Corporation (NYSE:KSS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,517 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in shares of Kohl’s during the first quarter worth about $25,000. Smartleaf Asset Management LLC lifted its position in Kohl’s by 161.8% in the first 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 period. Twin Tree Management LP purchased a new stake in Kohl’s in the 1st quarter valued at approximately $37,000. Brooklyn Investment Group increased its position in Kohl’s by 798.4% during the 1st quarter. Brooklyn Investment Group now owns 5,453 shares of the company’s stock worth $45,000 after purchasing an additional 4,846 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Kohl’s during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Buying and Selling

In other Kohl’s news, CFO Jill Timm sold 25,000 shares of Kohl’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.75, for a total value of $568,750.00. Following the completion of the sale, the chief financial officer owned 335,561 shares in the company, valued at $7,634,012.75. The trade was a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Kohl’s Price Performance

Kohl’s stock opened at $22.28 on Tuesday. The firm has a market capitalization of $2.50 billion, a PE ratio of 12.95 and a beta of 1.45. Kohl’s Corporation has a 52 week low of $6.04 and a 52 week high of $25.22. The firm’s 50-day simple moving average is $18.37 and its 200 day simple moving average is $14.42. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99.

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

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Kohl’s’s payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Evercore ISI lifted their price target on Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a research note on Tuesday, November 25th. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a research note on Tuesday, November 25th. Wall Street Zen upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Cowen reissued a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price (up from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Kohl’s currently has an average rating of “Reduce” and an average target price of $15.55.

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.