Kohl's Target of Unusually High Options Trading (NYSE:KSS)

Kohl's Co. (NYSE:KSS - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 36,344 call options on the company. This is an increase of 44% compared to the average volume of 25,256 call options.

Insiders Place Their Bets

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on 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 $2,636,116.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KSS. Security National Bank purchased a new stake in Kohl's during the second quarter valued at about $34,000. Register Financial Advisors LLC purchased a new stake in shares of Kohl's in the 1st quarter valued at approximately $54,000. CWM LLC boosted its stake in Kohl's by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after purchasing an additional 948 shares during the period. GAMMA Investing LLC grew its position in Kohl's by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company's stock worth $62,000 after purchasing an additional 523 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Kohl's during the 2nd quarter valued at $49,000. Institutional investors own 98.04% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KSS. Robert W. Baird dropped their target price on Kohl's from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Evercore ISI dropped their price target on shares of Kohl's from $22.00 to $20.00 and set an "in-line" rating on the stock in a research note on Thursday, August 29th. Morgan Stanley lowered Kohl's to an "underweight" rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. cut Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Finally, TD Cowen lowered Kohl's from a "buy" rating to a "hold" rating and lowered their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Kohl's currently has a consensus rating of "Hold" and a consensus target price of $21.29.

Kohl's Stock Performance

NYSE KSS traded up $0.63 on Friday, hitting $20.66. The stock had a trading volume of 2,308,885 shares, compared to its average volume of 5,957,006. The company's 50-day moving average is $19.64 and its two-hundred day moving average is $22.00. Kohl's has a one year low of $17.89 and a one year high of $29.60. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.31 and a beta of 1.93. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly 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. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm's quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Kohl's will post 1.8 earnings per share for the current year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl's's payout ratio is 80.65%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.