Traders Buy High Volume of Kohl’s Corporation Put Options (KSS)
Kohl’s Corporation (NYSE:KSS) saw unusually large options trading activity on Thursday. Stock investors acquired 14,463 put options on the stock. This is an increase of Infinity compared to the typical volume of 0 put options.
Several brokerages have recently weighed in on KSS. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Kohl’s Corporation in a research note on Wednesday, September 27th. Cowen and Company reaffirmed a “market perform” rating and set a $47.00 price target (up from $42.00) on shares of Kohl’s Corporation in a research note on Thursday, September 21st. Citigroup Inc. increased their price objective on Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, September 21st. ValuEngine raised Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Telsey Advisory Group raised Kohl’s Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $50.00 in a report on Monday, October 9th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Kohl’s Corporation currently has a consensus rating of “Hold” and an average target price of $43.40.
Kohl’s Corporation (KSS) opened at $41.18 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67. The company has a market capitalization of $7,255.68, a price-to-earnings ratio of 11.42, a P/E/G ratio of 2.02 and a beta of 1.22.
Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). Kohl’s Corporation had a return on equity of 12.72% and a net margin of 3.47%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. analysts expect that Kohl’s Corporation will post 3.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl’s Corporation’s dividend payout ratio is presently 58.36%.
A number of institutional investors have recently added to or reduced their stakes in KSS. Ffcm LLC grew 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 acquiring an additional 1,947 shares during the last quarter. Johnson Financial Group Inc. grew 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 acquiring an additional 10 shares during the last quarter. CENTRAL TRUST Co grew 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 acquiring an additional 1,352 shares during the last quarter. Exane Derivatives grew 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 acquiring an additional 2,497 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in Kohl’s Corporation in the second quarter valued at about $146,000.
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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