Kohl's Sees Unusually Large Options Volume (NYSE:KSS)

Kohl's Co. (NYSE:KSS - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 77,021 call options on the stock. This represents an increase of approximately 118% compared to the typical volume of 35,354 call options.

Kohl's Trading Down 3.1 %

Kohl's stock traded down $0.27 during mid-day trading on Friday, hitting $8.34. The company's stock had a trading volume of 5,211,252 shares, compared to its average volume of 7,771,317. Kohl's has a 1 year low of $7.96 and a 1 year high of $29.60. 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 market capitalization of $928.66 million, a PE ratio of 3.77 and a beta of 1.92. The stock's fifty day moving average is $11.40 and its two-hundred day moving average is $15.11.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (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 firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the company earned $1.67 EPS. The company's quarterly revenue was down 9.4% on a year-over-year basis. On average, analysts anticipate that Kohl's will post 1.3 EPS for the current year.

Remove Ads

Kohl's Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a $0.125 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.99%. Kohl's's dividend payout ratio is currently 51.02%.

Insider Buying and Selling

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Kohl's

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Kohl's during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. lifted its stake in Kohl's by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock worth $30,000 after acquiring an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new position in Kohl's during the 4th quarter worth about $35,000. State of Wyoming purchased a new position in Kohl's during the 4th quarter valued at about $35,000. Finally, Quest Partners LLC acquired a new position in Kohl's in the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Wall Street Analysts Forecast Growth

KSS has been the subject of several research reports. Guggenheim cut Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. Robert W. Baird lowered their target price on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley reduced their target price on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup dropped their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, Kohl's has an average rating of "Hold" and an average target price of $12.10.

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.