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 trimmed its holdings in 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 and Exchange Commission (SEC). The institutional investor owned 417,516 shares of the company's stock after selling 33,994 shares during the quarter. Empowered Funds LLC owned about 0.38% of Kohl's worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Hussman Strategic Advisors Inc. increased its stake in Kohl's by 40.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $1,202,000 after purchasing an additional 42,000 shares in the last quarter. New Republic Capital LLC purchased a new stake in shares of Kohl's during the 1st quarter valued at about $243,000. Jefferies Financial Group Inc. purchased a new stake in shares of Kohl's during the 1st quarter valued at about $409,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Kohl's by 37.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company's stock valued at $1,649,000 after acquiring an additional 53,518 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Kohl's by 313.1% during the 1st quarter. XTX Topco Ltd now owns 142,270 shares of the company's stock valued at $1,164,000 after acquiring an additional 107,831 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KSS shares. Robert W. Baird raised their price target on shares of Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Cowen reaffirmed a "hold" rating on shares of Kohl's in a report on Thursday, August 28th. Barclays raised their price target on shares of Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a report on Thursday, August 28th. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $12.46.

Kohl's Stock Performance

KSS opened at $15.30 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 8.27 and a beta of 1.74. The company's 50 day moving average is $12.83 and its 200 day moving average is $9.83. Kohl's Corporation has a 12-month low of $6.04 and a 12-month high of $21.39.

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

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.3%. Kohl's's dividend payout ratio (DPR) is presently 27.03%.

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.

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