Kohl’s Co. (NYSE:KSS) Shares Sold by Robeco Institutional Asset Management B.V.

Posted by Defense World Staff on May 6th, 2023

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Kohl’s Co. (NYSE:KSS – Get Rating) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,017 shares of the company’s stock after selling 5,045 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Kohl’s worth $1,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KSS. Eagle Bay Advisors LLC acquired a new stake in Kohl’s during the second quarter worth about $26,000. Wipfli Financial Advisors LLC bought a new position in Kohl’s in the 3rd quarter worth about $37,000. Fifth Third Bancorp grew its position in Kohl’s by 242.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,823 shares of the company’s stock worth $46,000 after purchasing an additional 1,290 shares during the last quarter. Accurate Wealth Management LLC bought a new position in Kohl’s in the 4th quarter worth about $85,000. Finally, Almanack Investment Partners LLC. bought a new position in Kohl’s in the 3rd quarter worth about $93,000. Institutional investors and hedge funds own 95.50% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Thomas Kingsbury bought 92,500 shares of the business’s stock in a transaction on Wednesday, March 29th. The stock was bought at an average price of $21.82 per share, for a total transaction of $2,018,350.00. Following the transaction, the chief executive officer now directly owns 228,993 shares in the company, valued at $4,996,627.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Kohl’s Stock Up 6.2 %

Shares of NYSE:KSS opened at $20.80 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.18 and a current ratio of 1.20. The company has a market cap of $2.30 billion, a PE ratio of -44.73, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. Kohl’s Co. has a 52 week low of $19.19 and a 52 week high of $57.19. The firm has a 50 day simple moving average of $23.63 and a 200 day simple moving average of $27.44.

Kohl’s (NYSE:KSS – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported ($2.49) EPS for the quarter, missing the consensus estimate of $1.05 by ($3.54). The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $6.03 billion. Kohl’s had a negative net margin of 0.10% and a negative return on equity of 0.45%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.20 EPS. As a group, research analysts expect that Kohl’s Co. will post 2.35 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 9.62%. Kohl’s’s payout ratio is -444.43%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of Kohl’s in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Citigroup decreased their price objective on shares of Kohl’s from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Guggenheim decreased their price objective on shares of Kohl’s from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 2nd. UBS Group decreased their price objective on shares of Kohl’s from $18.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, March 29th. Finally, Credit Suisse Group decreased their price objective on shares of Kohl’s to $27.00 in a report on Wednesday, March 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.00.

Kohl’s Company Profile

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.