Kohl’s (NYSE:KSS) Stock Price Up 5.7% – What’s Next?

Shares of Kohl’s Co. (NYSE:KSS) rose 5.7% during mid-day trading on Monday . The company traded as high as $6.86 and last traded at $6.85. Approximately 6,422,454 shares traded hands during trading, a decline of 23% from the average daily volume of 8,334,339 shares. The stock had previously closed at $6.48.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America cut their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, April 14th. Jefferies Financial Group lowered their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Citigroup decreased their target price on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, UBS Group dropped their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.71.

Kohl’s Price Performance

The firm has a market cap of $772.59 million, a price-to-earnings ratio of 3.13 and a beta of 1.65. The stock’s fifty day moving average price is $9.26 and its 200-day moving average price is $13.51. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 EPS. As a group, equities research analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is 51.02%.

Institutional Trading of Kohl’s

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Kohl’s in the fourth quarter valued at $8,185,000. Dana Investment Advisors Inc. lifted its position in shares of Kohl’s by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock worth $3,554,000 after purchasing an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kohl’s by 155.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after purchasing an additional 573,579 shares during the period. Hussman Strategic Advisors Inc. increased its stake in Kohl’s by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $1,474,000 after buying an additional 42,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kohl’s by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock worth $24,873,000 after buying an additional 55,540 shares in the last quarter. Institutional investors and hedge funds 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.