Kohl's (KSS) Shares Gap Up to $54.36
Kohl's Co. (NYSE:KSS) gapped up before the market opened on Monday . The stock had previously closed at $50.05, but opened at $54.36. Kohl's shares last traded at $56.90, with a volume of 11871105 shares.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday, October 16th. Gordon Haskett raised Kohl's from a “hold” rating to an “accumulate” rating in a research note on Thursday, November 9th. Jefferies Group reissued a “buy” rating and set a $50.00 price target on shares of Kohl's in a research note on Wednesday, September 27th. Robert W. Baird set a $57.00 price target on Kohl's and gave the stock a “buy” rating in a research note on Monday, December 25th. Finally, Citigroup raised their price target on Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Kohl's currently has a consensus rating of “Hold” and an average target price of $44.11.
The firm has a market cap of $9,560.00, a price-to-earnings ratio of 15.09, a P/E/G ratio of 2.16 and a beta of 1.24. 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 (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. analysts expect that Kohl's Co. will post 3.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $2.20 annualized dividend and a yield of 3.87%. Kohl's’s payout ratio is currently 58.36%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction 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 in the company, valued at approximately $1,182,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonas Prising purchased 4,725 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the acquisition, 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. Company insiders own 1.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its holdings in shares of Kohl's by 10.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,335,761 shares of the company’s stock valued at $60,977,000 after acquiring an additional 128,330 shares during the period. Shelton Capital Management increased its holdings in shares of Kohl's by 9.3% in the 3rd quarter. Shelton Capital Management now owns 117,387 shares of the company’s stock valued at $5,359,000 after acquiring an additional 10,000 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Kohl's in the 3rd quarter valued at $221,000. GSA Capital Partners LLP purchased a new position in shares of Kohl's in the 3rd quarter valued at $617,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Kohl's in the 3rd quarter valued at $512,000.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/01/08/kohls-kss-shares-gap-up-to-54-36.html.
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.
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.