Investors Buy Kohl's (KSS) on Weakness
Investors bought shares of Kohl's Co. (NYSE:KSS) on weakness during trading hours on Friday. $35.95 million flowed into the stock on the tick-up and $21.06 million flowed out of the stock on the tick-down, for a money net flow of $14.89 million into the stock. Of all equities tracked, Kohl's had the 25th highest net in-flow for the day. Kohl's traded down ($0.45) for the day and closed at $54.23
A number of equities research analysts have commented on KSS shares. ValuEngine lowered Kohl's from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird restated a “neutral” rating and set a $43.00 price objective on shares of Kohl's in a research report on Thursday, September 7th. Cowen restated a “market perform” rating and set a $47.00 price objective (up from $42.00) on shares of Kohl's in a research report on Thursday, September 21st. Citigroup raised their price objective on Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Kohl's in a research note on Wednesday, September 27th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.26.
The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. The stock has a market capitalization of $9,110.00, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.
Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts anticipate that Kohl's Co. will post 3.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Tuesday, December 5th. Kohl's’s payout ratio is 58.36%.
In related news, Director Stephanie A. Streeter sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonas Prising acquired 4,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the purchase, the director now directly owns 8,661 shares in the company, valued at approximately $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Ffcm LLC increased its position in Kohl's by 179.3% in the 2nd quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after buying an additional 1,947 shares during the period. Johnson Financial Group Inc. increased its position in Kohl's by 0.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock worth $128,000 after buying an additional 10 shares during the period. Raymond James Trust N.A. bought a new position in Kohl's in the 3rd quarter worth approximately $200,000. Keybank National Association OH bought a new position in Kohl's in the 3rd quarter worth approximately $207,000. Finally, Ingalls & Snyder LLC bought a new position in Kohl's in the 3rd quarter worth approximately $219,000.
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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