Empowered Funds LLC Acquires 59,979 Shares of Kohl’s Co. (NYSE:KSS)

Empowered Funds LLC lifted its stake in Kohl’s Co. (NYSE:KSS) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 451,510 shares of the company’s stock after purchasing an additional 59,979 shares during the period. Empowered Funds LLC owned about 0.41% of Kohl’s worth $6,339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd increased its position in shares of Kohl’s by 151.8% during the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock worth $1,408,000 after acquiring an additional 40,238 shares during the period. Pacer Advisors Inc. raised its position in Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kohl’s in the 3rd quarter worth $735,000. Y Intercept Hong Kong Ltd bought a new position in shares of Kohl’s during the 3rd quarter worth $2,694,000. Finally, Victory Capital Management Inc. increased its stake in shares of Kohl’s by 226.4% during the third quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after buying an additional 95,398 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of NYSE KSS opened at $11.82 on Tuesday. Kohl’s Co. has a fifty-two week low of $11.78 and a fifty-two week high of $29.60. The company has a market cap of $1.32 billion, a PE ratio of 5.33 and a beta of 1.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The business has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $17.31.

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

Kohl’s Dividend Announcement

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

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

KSS has been the subject of a number of research reports. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $18.00 in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. TD Cowen cut their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Finally, Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.70.

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.