Investors Buy High Volume of Call Options on Kohl’s Corporation (KSS)
Kohl’s Corporation (NYSE:KSS) was the target of unusually large options trading on Wednesday. Stock traders acquired 20,293 call options on the company. This represents an increase of approximately 603% compared to the typical daily volume of 2,886 call options.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC boosted its position in Kohl’s Corporation by 179.3% in the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after buying an additional 1,947 shares in the last quarter. Johnson Financial Group Inc. boosted its position in Kohl’s Corporation by 0.3% in the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after buying an additional 10 shares in the last quarter. CENTRAL TRUST Co boosted its position in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after buying an additional 1,352 shares in the last quarter. Exane Derivatives boosted its position in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Kohl’s Corporation during the second quarter valued at about $146,000.
KSS has been the topic of several research reports. UBS AG cut their price target on Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, May 12th. BMO Capital Markets set a $43.00 price target on Kohl’s Corporation and gave the company a “hold” rating in a research note on Friday. BidaskClub upgraded Kohl’s Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. OTR Global restated a “sell” rating on shares of Kohl’s Corporation in a research note on Tuesday. Finally, Jefferies Group LLC restated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Kohl’s Corporation in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.98.
Shares of Kohl’s Corporation (KSS) opened at 38.64 on Friday. The firm has a market cap of $6.59 billion, a P/E ratio of 11.19 and a beta of 1.16. The firm has a 50-day moving average price of $39.64 and a 200 day moving average price of $39.37. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67.
Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Kohl’s Corporation had a return on equity of 13.29% and a net margin of 3.25%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 EPS. On average, analysts forecast that Kohl’s Corporation will post $3.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 5.69%. Kohl’s Corporation’s dividend payout ratio is currently 64.14%.
Kohl’s Corporation Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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