FMR LLC & Abigail Johnson Disclose 7.484% Passive Stake in Kohl's
Ticker: KSS · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 885639
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, retail, insider-filing
TL;DR
**FMR LLC just revealed a 7.484% stake in Kohl's, a bullish signal from a big player.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Kohl's Corp (KSS). As of December 31, 2023, FMR LLC beneficially owns 8,286,173 shares of Kohl's common stock, representing 7.484% of the company's outstanding shares. This filing indicates FMR LLC's position as a substantial shareholder, suggesting their belief in Kohl's' long-term value, which could be a positive signal for current and prospective investors.
Why It Matters
This filing reveals a major institutional investor, FMR LLC, has taken a significant passive stake in Kohl's, which can signal confidence in the company's future performance and potentially attract other investors.
Risk Assessment
Risk Level: low — This is a passive filing, indicating a significant investor has taken a stake without immediate plans for activism, which generally reduces short-term volatility risk.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating that a large, sophisticated investor sees value in Kohl's, and might consider further research into Kohl's fundamentals or adding to their position.
Key Numbers
- 8,286,173 — Shares Beneficially Owned (Total common stock shares of Kohl's Corp owned by FMR LLC and Abigail P. Johnson as of December 31, 2023.)
- 7.484% — Percent of Class (The percentage of Kohl's Corp's common stock outstanding that FMR LLC and Abigail P. Johnson beneficially own.)
Key Players & Entities
- FMR LLC (company) — reporting person, parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- KOHLS Corp (company) — issuer of the securities
- 8,286,173 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.484% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- Kohl's stock may see increased investor interest due to FMR LLC's significant stake. (Kohl's Corp (KSS)) — medium confidence, target: Q2 2024
- FMR LLC will maintain its passive investment stance in Kohl's for the foreseeable future. (FMR LLC) — high confidence, target: End of 2024
FAQ
Who is the primary entity reporting this ownership stake in Kohl's Corp?
The primary entity reporting this ownership stake is FMR LLC, a parent holding company based in Boston, Massachusetts, as stated in Item 2(a) and Item 3 of the filing.
What is the total number of Kohl's Corp common stock shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson beneficially own a total of 8,286,173 shares of Kohl's Corp common stock, as indicated in Item 4(a) and Item 7 on the cover page for both reporting persons.
What percentage of Kohl's Corp's common stock does FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 7.484% of Kohl's Corp's common stock, as detailed in Item 4(b) and Item 11 on the cover page for both reporting persons.
Under which SEC rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the CUSIP number for Kohl's Corp common stock mentioned in this filing?
The CUSIP number for Kohl's Corp common stock is 500255104, as stated in Item 2(e) and on the cover page of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding KOHLS Corp (KSS).