Kohl’s (NYSE:KSS) Shares Up 8.8% – What’s Next?

Shares of Kohl’s Co. (NYSE:KSS) rose 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 mid-day trading, a decline of 8% from the average daily volume of 7,566,714 shares. The stock had previously closed at $8.28.

Analysts Set New Price Targets

A number of research analysts have commented on KSS shares. 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. JPMorgan Chase & Co. decreased their price target on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Citigroup reduced their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group cut their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.10.

Kohl’s Stock Up 13.4 %

The firm has a market capitalization of $1.05 billion, a P/E 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. The firm’s 50-day moving average is $11.71 and its 200 day moving average is $15.36.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results 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 during 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%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period last year, the business earned $1.67 EPS. As a group, equities research analysts predict that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

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

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl’s in the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. boosted its position 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 purchasing an additional 917 shares during the period. Bogart Wealth LLC acquired a new position in shares of Kohl’s in the fourth quarter valued at $35,000. State of Wyoming bought a new position in shares of Kohl’s in the fourth 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. 98.04% of the stock is owned by institutional investors.

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.