Empowered Funds LLC Raises Holdings in Kohl's Co. (NYSE:KSS)

Empowered Funds LLC boosted its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 3,751.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 391,531 shares of the company's stock after purchasing an additional 381,366 shares during the period. Empowered Funds LLC owned approximately 0.35% of Kohl's worth $8,261,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd purchased a new position in shares of Kohl's during the 3rd quarter valued at approximately $145,000. Victory Capital Management Inc. grew its position in 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. Entropy Technologies LP grew its position in Kohl's by 511.0% during the third quarter. Entropy Technologies LP now owns 64,691 shares of the company's stock valued at $1,365,000 after buying an additional 54,103 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in Kohl's by 46.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company's stock valued at $2,106,000 after buying an additional 31,577 shares in the last quarter. Finally, Colonial River Investments LLC raised its position in shares of Kohl's by 11.7% in the third quarter. Colonial River Investments LLC now owns 18,115 shares of the company's stock worth $382,000 after acquiring an additional 1,898 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

Shares of KSS traded down $0.62 during trading hours on Friday, hitting $18.00. 7,790,551 shares of the stock were exchanged, compared to its average volume of 6,014,670. The stock's 50-day moving average price is $19.22 and its two-hundred day moving average price is $21.17. Kohl's Co. has a 12-month low of $17.41 and a 12-month high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.25 and a beta of 1.94.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. Kohl's had a net margin of 1.66% and a return on equity of 7.43%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Research analysts expect that Kohl's Co. will post 1.81 earnings per share for the current year.

Kohl's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Wednesday, December 11th. Kohl's's dividend payout ratio is currently 78.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KSS shares. Evercore ISI dropped their target price on Kohl's from $22.00 to $20.00 and set an "in-line" rating on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. lowered Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Robert W. Baird reduced their target price on Kohl's from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reissued a "market perform" rating and issued a $23.00 price target on shares of Kohl's in a research note on Wednesday, August 28th. Finally, TD Cowen lowered shares of Kohl's from a "buy" rating to a "hold" rating and cut their price target for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Kohl's presently has a consensus rating of "Hold" and an average target price of $21.29.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares of the company's stock, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

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.