Kohl’s (NYSE:KSS) Trading 5.7% Higher – Time to Buy?

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Kohl’s in a report on Tuesday, April 1st. Bank of America dropped their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group lowered their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Citigroup cut their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, April 14th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.71.

Kohl’s Stock Performance

The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $772.59 million, a price-to-earnings ratio of 3.13 and a beta of 1.65. The business has a 50-day moving average price of $9.26 and a 200-day moving average price of $13.51.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, sell-side analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

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

Institutional Trading of Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. Stifel Financial Corp lifted its holdings in shares of Kohl’s by 121.3% in the 3rd quarter. Stifel Financial Corp now owns 48,090 shares of the company’s stock valued at $1,015,000 after buying an additional 26,362 shares during the period. Geode Capital Management LLC grew its stake in shares of Kohl’s by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after purchasing an additional 91,608 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Kohl’s during the 3rd quarter valued at approximately $215,000. Franklin Resources Inc. lifted its stake in shares of Kohl’s by 25.6% in the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock valued at $872,000 after purchasing an additional 9,196 shares during the period. Finally, Silverleafe Capital Partners LLC acquired a new stake in Kohl’s during the fourth quarter valued at $140,000. 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.