Empowered Funds LLC Sells 33,994 Shares of Kohl's Corporation $KSS

Key Points

• Empowered Funds LLC reduced its stake in Kohl's Corporation by 7.5%, selling 33,994 shares, leaving them with approximately 417,516 shares valued at about $3.4 million.
• Several institutional investors, including Hussman Strategic Advisors and Banco Bilbao Vizcaya Argentaria, boosted their stakes in Kohl's, indicating ongoing interest from institutional investors.
• Kohl's reported $0.56 EPS for the last quarter, exceeding analysts' expectations, although revenue decreased by 5% compared to the same quarter last year.

Empowered Funds LLC reduced its stake in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 417,516 shares of the company's stock after selling 33,994 shares during the period. Empowered Funds LLC owned 0.38% of Kohl's worth $3,415,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KSS. American Century Companies Inc. grew its holdings in Kohl's by 8.1% during the 1st quarter. American Century Companies Inc. now owns 4,470,215 shares of the company's stock worth $36,566,000 after acquiring an additional 335,917 shares during the period. Invesco Ltd. boosted its stake in shares of Kohl's by 29.7% in the 1st quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after buying an additional 680,766 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Kohl's by 4.0% in the 4th quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock worth $31,667,000 after buying an additional 87,235 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Kohl's by 6.0% in the 4th quarter. Two Sigma Advisers LP now owns 2,222,100 shares of the company's stock worth $31,198,000 after buying an additional 126,600 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Kohl's by 4.9% in the 4th quarter. Millennium Management LLC now owns 2,037,267 shares of the company's stock worth $28,603,000 after buying an additional 94,697 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KSS shares. Evercore ISI upped their price objective on Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating in a research note on Thursday, August 28th. Morgan Stanley upped their price objective on Kohl's from $5.00 to $9.00 and gave the company an "underweight" rating in a research note on Thursday. Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. boosted their target price on shares of Kohl's from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Thursday, August 28th. Finally, Citigroup boosted their target price on shares of Kohl's from $8.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $12.54.

Kohl's Trading Up 3.3%

Shares of Kohl's stock traded up $0.58 during trading on Thursday, reaching $17.82. 2,640,417 shares of the stock were exchanged, compared to its average volume of 11,021,982. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The stock's fifty day moving average is $13.28 and its 200 day moving average is $9.93. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 9.64 and a beta of 1.74. Kohl's Corporation has a 1 year low of $6.04 and a 1 year high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the business posted $0.59 earnings per share. Kohl's's quarterly revenue was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, equities research analysts expect that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. Kohl's's dividend payout ratio (DPR) is 27.03%.

About Kohl's

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.