Kohl's (NYSE:KSS) Trading 8.8% Higher - What's Next?

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price traded up 8.8% during trading on Monday . The company traded as high as $9.08 and last traded at $9.01. 6,973,070 shares were traded during trading, a decline of 8% from the average session volume of 7,566,714 shares. The stock had previously closed at $8.28.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KSS. Guggenheim cut Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. JPMorgan Chase & Co. dropped their price objective on Kohl's from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, March 11th. Telsey Advisory Group restated a "market perform" rating and issued a $13.00 target price on shares of Kohl's in a report on Tuesday, March 11th. Bank of America decreased their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group cut their price objective on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a research report on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.10.

Kohl's Stock Down 2.1 %

The firm has a market capitalization of $937.90 million, a PE ratio of 3.80 and a beta of 1.92. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average of $11.40 and a two-hundred day moving average of $15.11.

Remove Ads

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the business posted $1.67 EPS. The company's quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 5.93%. Kohl's's dividend payout ratio is currently 51.02%.

Insider Transactions at Kohl's

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares of the company's stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Kohl's

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in Kohl's in the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. grew its holdings in Kohl's by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after purchasing an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Kohl's during the 4th quarter valued at $35,000. State of Wyoming purchased a new stake in Kohl's during the 4th quarter worth $35,000. Finally, Quest Partners LLC acquired a new position in Kohl's in the 3rd quarter worth $60,000. 98.04% of the stock is owned by institutional investors and hedge funds.

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.