#4 - Kohl’s (NYSE:KSS)
Next up with 27.6% short interest is Kohl's Corporation (NYSE: KSS). The issue for Kohl's has been inventory management, which has impacted the company's profitability. Those issues appear to be behind them, and the company is posting improved margins.
And as of this writing, March retail sales showed that the consumer continues to spend. Kohl's has a loyal customer base that could put the company in a good position to capture increased market share.
Another reason that investors may be interested in Kohl's is that the dividend currently yields over 8%. However, dividend yields are impacted by a stock's price. And in this case, the yield is high because the stock price is down 21.5% in 2024.
Another thing for investors to consider is that Kohl's has been targeted by companies looking to snatch up distressed retailers. Kohl's blocked those attempts in 2022, but with the company looking undervalued, interest could continue.
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.
Read More - Current Price
- $14.17
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 7 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $17.22 (21.5% Upside)
