Kohl’s (NYSE:KSS) Trading Up 8.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on KSS. Robert W. Baird decreased their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group lowered their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research report on Tuesday, November 26th. TD Cowen decreased their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Finally, UBS Group cut their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.10.

Kohl’s Trading Up 13.4 %

The business has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $15.36. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 4.23 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share. As a group, equities analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 5.32%. Kohl’s’s payout ratio is 51.02%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’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 owns 133,091 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Several large investors have recently modified their holdings of KSS. Brown Brothers Harriman & Co. boosted its stake in Kohl’s by 183.8% during the third 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. SBI Securities Co. Ltd. acquired a new position in shares of Kohl’s during the fourth quarter valued at about $26,000. State of Wyoming bought a new position in shares of Kohl’s during the 4th quarter worth about $35,000. Bogart Wealth LLC acquired a new stake in shares of Kohl’s in the 4th quarter valued at about $35,000. Finally, Quest Partners LLC acquired a new position in Kohl’s during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.