Kohl’s (NYSE:KSS) Trading 6.6% Higher

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup cut their price target on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price target on shares of Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Morgan Stanley boosted their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. TD Cowen boosted their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Finally, Telsey Advisory Group boosted their price objective on shares of Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $24.20.

Kohl’s Stock Performance

The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 1.38 and a beta of 1.98. The company’s fifty day simple moving average is $26.24 and its 200 day simple moving average is $25.31. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the business posted ($2.49) earnings per share. Kohl’s’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts expect that Kohl’s Co. will post 2.24 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.00 annualized dividend and a yield of 7.87%. Kohl’s’s dividend payout ratio is 70.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KSS. Vanguard Group Inc. lifted its holdings in shares of Kohl’s by 16.4% in the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after acquiring an additional 1,775,024 shares during the last quarter. Norges Bank acquired a new position in shares of Kohl’s in the fourth quarter valued at approximately $34,583,000. Vision One Management Partners LP acquired a new position in shares of Kohl’s in the fourth quarter valued at approximately $28,413,000. Hsbc Holdings PLC increased its holdings in Kohl’s by 254.9% in the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after acquiring an additional 570,745 shares during the last quarter. Finally, Barclays PLC increased its holdings in Kohl’s by 73.7% in the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after acquiring an additional 551,340 shares during the last quarter. 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.