Kohl’s (NYSE:KSS) Trading Up 9.8% – Here’s Why

Shares of Kohl’s Co. (NYSE:KSS) were up 9.8% during trading on Friday . The company traded as high as $12.20 and last traded at $12.34. Approximately 9,958,954 shares were traded during trading, an increase of 34% from the average daily volume of 7,423,155 shares. The stock had previously closed at $11.23.

Analyst Upgrades and Downgrades

KSS has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Telsey Advisory Group decreased their price objective on Kohl’s from $17.00 to $13.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Citigroup cut their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.84.

Kohl’s Trading Up 9.0 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company has a market capitalization of $1.36 billion, a PE ratio of 5.52 and a beta of 1.92. The stock has a fifty day moving average of $12.75 and a 200 day moving average of $16.23.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its position in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Kohl’s by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after acquiring an additional 967 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Kohl’s by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock valued at $830,000 after acquiring an additional 972 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kohl’s by 7.6% in the fourth quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock valued at $246,000 after purchasing an additional 1,232 shares in the last quarter. Hedge funds and other 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.