Thrivent Financial for Lutherans Decreases Position in Kohl’s Corporation $KSS

Thrivent Financial for Lutherans decreased its holdings in Kohl’s Corporation (NYSE:KSS) by 50.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,046 shares of the company’s stock after selling 81,576 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Kohl’s worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KSS. American Century Companies Inc. boosted its holdings in Kohl’s by 4.9% in the second quarter. American Century Companies Inc. now owns 4,690,642 shares of the company’s stock worth $39,777,000 after acquiring an additional 220,427 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Kohl’s by 21.0% during the second quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock valued at $36,490,000 after acquiring an additional 745,543 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kohl’s by 43.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock valued at $22,182,000 after purchasing an additional 785,936 shares during the last quarter. First Trust Advisors LP raised its position in shares of Kohl’s by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 2,380,359 shares of the company’s stock valued at $20,185,000 after purchasing an additional 244,761 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Kohl’s by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 838,666 shares of the company’s stock worth $7,112,000 after purchasing an additional 22,339 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction that occurred 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 $7,813,464. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on KSS shares. Robert W. Baird set a $24.00 price target on shares of Kohl’s in a research note on Wednesday, December 17th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective (up from $16.00) on shares of Kohl’s in a report on Tuesday, November 25th. BTIG Research restated a “neutral” rating on shares of Kohl’s in a research note on Tuesday, November 25th. Zacks Research raised Kohl’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Finally, UBS Group boosted their price target on Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a research note on Wednesday, November 26th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $15.55.

Kohl’s Price Performance

NYSE:KSS opened at $19.85 on Friday. Kohl’s Corporation has a one year low of $6.04 and a one year high of $25.22. 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 firm has a market cap of $2.23 billion, a price-to-earnings ratio of 11.54 and a beta of 1.44. The firm’s fifty day moving average is $20.09 and its two-hundred day moving average is $17.50.

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

Kohl’s Company 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.