Kohl's Corporation $KSS Shares Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its Kohl’s stake by 23.5% in the first quarter, acquiring 126,550 additional shares and bringing its ownership to 666,072 shares, or 0.59% of the company.
• Analyst sentiment remains cautious: Kohl’s has a consensus rating of “Reduce”, with one Buy, nine Hold and six Sell ratings, and a consensus price target of $15.31.
• Kohl’s exceeded quarterly expectations with adjusted EPS of negative $0.13 versus an estimate of negative $0.18 and revenue of $3.17 billion, while maintaining a quarterly dividend of $0.125 per share, equivalent to a 2.6% yield.

Empowered Funds LLC lifted its stake in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 23.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 666,072 shares of the company's stock after acquiring an additional 126,550 shares during the period. Empowered Funds LLC owned 0.59% of Kohl's worth $8,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of Kohl's by 3,777.6% during the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company's stock worth $31,000 after purchasing an additional 1,851 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Kohl's by 233.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company's stock valued at $34,000 after buying an additional 1,167 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Kohl's in the third quarter valued at approximately $39,000. Plato Investment Management Ltd purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. boosted its position in Kohl's by 164.7% during the fourth quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company's stock worth $43,000 after acquiring an additional 1,308 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Insider Buying and Selling at Kohl's

In related news, EVP Jennifer J. Kent sold 22,942 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $20.00, for a total transaction of $458,840.00. Following the completion of the sale, the executive vice president directly owned 234,452 shares of the company's stock, valued at approximately $4,689,040. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.55% of the company's stock.

Wall Street Analyst Weigh In

KSS has been the subject of several recent analyst reports. Wall Street Zen cut shares of Kohl's from a "buy" rating to a "hold" rating in a research note on Sunday, June 7th. Zacks Research cut Kohl's from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Weiss Ratings raised Kohl's from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. TD Cowen upped their price objective on shares of Kohl's from $13.50 to $16.00 and gave the company a "hold" rating in a research note on Monday, June 8th. Finally, UBS Group upped their price objective on Kohl's from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $15.31.

Kohl's Price Performance

Shares of NYSE KSS opened at $19.18 on Friday. Kohl's Corporation has a 1-year low of $11.38 and a 1-year high of $25.22. The business has a 50-day moving average of $17.99 and a 200-day moving average of $16.01. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 0.31. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 8.12 and a beta of 1.40.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.05. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $2.99 billion. Kohl's had a return on equity of 4.67% and a net margin of 1.76%.The company's revenue was down 1.7% on a year-over-year basis. During the same period last year, the business posted ($0.13) EPS. Kohl's has set its FY 2026 guidance at 1.000-1.600 EPS. On average, equities analysts anticipate that Kohl's Corporation will post 1.36 EPS for the current fiscal year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a $0.125 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Kohl's's dividend payout ratio is 21.19%.

About Kohl's

Kohl's Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl's has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer's merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.

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