Kohl's (NYSE:KSS) Stock Price Up 8.8% - Here's Why

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

Analysts Set New Price Targets

KSS has been the topic of a number of analyst reports. Guggenheim cut shares of Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. decreased their price objective on Kohl's from $11.00 to $9.00 and set an "underweight" rating on the stock in a report on Tuesday, March 11th. Robert W. Baird lowered their target price on Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Citigroup reduced their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $13.00 price objective on shares of Kohl's in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Kohl's has a consensus rating of "Hold" and a consensus price target of $12.10.

Kohl's Stock Down 2.1 %

The company's fifty day simple moving average is $11.31 and its 200 day simple moving average is $15.00. The firm has a market capitalization of $937.90 million, a P/E 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.

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

Kohl's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 5.93%. Kohl's's dividend payout ratio (DPR) is 51.02%.

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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Kohl's by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company's stock worth $159,859,000 after acquiring an additional 740,398 shares during the last quarter. American Century Companies Inc. boosted its stake in Kohl's by 11.7% in the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock worth $58,046,000 after purchasing an additional 433,264 shares in the last quarter. Allianz Asset Management GmbH grew its position in Kohl's by 3.3% during the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock valued at $51,190,000 after purchasing an additional 117,819 shares during the last quarter. Invesco Ltd. increased its stake in Kohl's by 1.6% during the 4th quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock valued at $32,190,000 after purchasing an additional 36,622 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Kohl's by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock worth $31,667,000 after buying an additional 87,235 shares during the last quarter. Institutional investors own 98.04% 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.