Kohl’s (NYSE:KSS) Stock Price Up 6.6%

Kohl’s Co. (NYSE:KSS) rose 6.6% during mid-day trading on Monday . The stock traded as high as $24.82 and last traded at $24.72. Approximately 4,765,343 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 5,390,989 shares. The stock had previously closed at $23.19.

Wall Street Analysts Forecast Growth

KSS has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Telsey Advisory Group increased their price objective on shares of Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. TD Cowen increased their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Citigroup lowered their price objective on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, StockNews.com upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $24.20.

Kohl’s Stock Up 6.5 %

The company’s 50-day simple moving average is $26.32 and its two-hundred day simple moving average is $25.22. The firm has a market capitalization of $2.74 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.29 and a beta of 1.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.39. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.80 billion. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted ($2.49) earnings per share. As a group, research analysts expect that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio is presently 70.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. CWM LLC lifted its stake in Kohl’s by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after purchasing an additional 428 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Kohl’s by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company’s stock worth $1,406,000 after acquiring an additional 470 shares during the period. GAMMA Investing LLC grew its holdings in Kohl’s by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after acquiring an additional 523 shares during the period. Signaturefd LLC grew its holdings in Kohl’s by 20.3% during the fourth quarter. Signaturefd LLC now owns 3,278 shares of the company’s stock worth $94,000 after acquiring an additional 553 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Kohl’s by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 4,581 shares of the company’s stock valued at $131,000 after purchasing an additional 572 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Kohl’s

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.