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

Empowered Funds LLC grew its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 451,510 shares of the company's stock after buying an additional 59,979 shares during the quarter. Empowered Funds LLC owned 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 have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in shares of Kohl's by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock valued at $349,671,000 after buying an additional 9,925,878 shares during the last quarter. FMR LLC grew its stake in shares of Kohl's by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company's stock valued at $159,859,000 after buying an additional 740,398 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kohl's by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock valued at $38,541,000 after buying an additional 91,608 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kohl's by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company's stock valued at $36,208,000 after buying an additional 101,480 shares during the last quarter. Finally, Invenomic Capital Management LP boosted its holdings in shares of Kohl's by 15.6% during the third quarter. Invenomic Capital Management LP now owns 1,033,912 shares of the company's stock worth $21,816,000 after purchasing an additional 139,519 shares during the period. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Wednesday, November 27th. Jefferies Financial Group dropped their target price on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Robert W. Baird lowered shares of Kohl's from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Baird R W lowered shares of Kohl's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, TD Cowen dropped their target price on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $16.70.

Kohl's Stock Down 1.1 %

KSS traded down $0.14 on Friday, hitting $11.73. The company had a trading volume of 6,848,474 shares, compared to its average volume of 7,201,244. The stock has a fifty day simple moving average of $13.60 and a 200-day simple moving average of $17.11. Kohl's Co. has a 52-week low of $11.53 and a 52-week high of $29.60. The firm has a market capitalization of $1.31 billion, a P/E ratio of 5.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

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

Insider Activity

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

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.