Empowered Funds LLC Grows Stock Position in Kohl’s Co. (NYSE:KSS)

Empowered Funds LLC lifted its stake in Kohl’s Co. (NYSE:KSS) by 15.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 451,510 shares of the company’s stock after acquiring an additional 59,979 shares during the quarter. Empowered Funds LLC’s holdings in Kohl’s were worth $6,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its position in Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the period. Quest Partners LLC purchased a new stake in Kohl’s during the third quarter worth $60,000. KBC Group NV grew its position in Kohl’s by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after buying an additional 1,974 shares during the period. Finally, Abich Financial Wealth Management LLC increased its holdings in Kohl’s by 70.5% in the third quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock valued at $77,000 after buying an additional 1,517 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Telsey Advisory Group dropped their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research report on Tuesday, November 26th. Jefferies Financial Group decreased their target price on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Finally, Morgan Stanley decreased their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.70.

Kohl’s Stock Performance

NYSE:KSS opened at $11.82 on Tuesday. Kohl’s Co. has a twelve month low of $11.78 and a twelve month high of $29.60. The company has a market cap of $1.32 billion, a P/E ratio of 5.33 and a beta of 1.85. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $13.88 and its 200-day moving average price is $17.31.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the company earned $0.53 earnings per share. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 16.92%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Kohl’s 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.