Kohl’s (NYSE:KSS) Trading Up 3.5%

Kohl’s Co. (NYSE:KSS)’s share price shot up 3.5% during trading on Tuesday . The company traded as high as $20.21 and last traded at $20.07. 4,003,668 shares traded hands during trading, a decline of 31% from the average session volume of 5,810,174 shares. The stock had previously closed at $19.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KSS shares. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research report on Wednesday, August 28th. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and cut their price objective for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Robert W. Baird reduced their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.67.

Kohl’s Trading Down 0.4 %

The company’s 50 day simple moving average is $20.76 and its two-hundred day simple moving average is $23.59. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.19. The company has a market cap of $2.28 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.95.

Kohl’s (NYSE:KSS) last announced its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kohl’s Co. will post 1.79 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is 80.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. Vanguard Group Inc. boosted its holdings in Kohl’s by 16.4% in the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after purchasing an additional 1,775,024 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after buying an additional 52,126 shares during the period. Allianz Asset Management GmbH grew its position in shares of Kohl’s by 6.4% during the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock worth $95,813,000 after buying an additional 199,618 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Kohl’s by 26.3% during the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after buying an additional 643,913 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.