Kohl’s (NYSE:KSS) Trading 7.4% Higher – Here’s What Happened

Shares of Kohl’s Corporation (NYSE:KSS) shot up 7.4% on Thursday . The company traded as high as $12.93 and last traded at $12.9180. 3,624,955 shares traded hands during trading, a decline of 19% from the average session volume of 4,498,570 shares. The stock had previously closed at $12.03.

Wall Street Analyst Weigh In

KSS has been the subject of several recent research reports. Citigroup cut their price target on Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Bank of America lowered their price objective on Kohl’s from $18.00 to $15.00 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. BTIG Research restated a “neutral” rating on shares of Kohl’s in a research note on Tuesday, March 10th. Robert W. Baird reduced their target price on Kohl’s from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kohl’s from $22.00 to $15.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.83.

Kohl’s Stock Up 6.9%

The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 5.45 and a beta of 1.42. The firm has a 50 day simple moving average of $17.35 and a 200-day simple moving average of $18.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.37.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, March 10th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.86 by $0.21. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kohl’s had a net margin of 1.75% and a return on equity of 4.72%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. On average, sell-side analysts forecast that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 18th. Kohl’s’s dividend payout ratio is currently 21.19%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Kohl’s by 114.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,080 shares of the company’s stock worth $63,000 after acquiring an additional 1,647 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Kohl’s by 93.7% during the 4th quarter. Corient Private Wealth LLC now owns 22,767 shares of the company’s stock valued at $465,000 after purchasing an additional 11,011 shares in the last quarter. Hsbc Holdings PLC raised its position in Kohl’s by 1,497.7% in the 4th quarter. Hsbc Holdings PLC now owns 1,141,932 shares of the company’s stock valued at $23,406,000 after purchasing an additional 1,070,457 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Kohl’s in the fourth quarter worth $55,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Kohl’s in the fourth quarter worth $411,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.