Kohl’s (NYSE:KSS) Stock Price Up 3.5%

Kohl’s Co. (NYSE:KSS) traded up 3.5% during trading on Tuesday . The company traded as high as $20.21 and last traded at $20.07. 4,003,668 shares changed hands during trading, a decline of 31% from the average session volume of 5,810,174 shares. The stock had previously closed at $19.39.

Analyst Upgrades and Downgrades

KSS has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Robert W. Baird decreased their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Evercore ISI lowered their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and reduced their price target for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and a consensus target price of $20.67.

Kohl’s Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.19. The stock has a fifty day simple moving average of $20.76 and a 200-day simple moving average of $23.59. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.21 and a beta of 1.95.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Kohl’s Co. will post 1.79 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio is presently 80.65%.

Institutional Investors Weigh In On Kohl’s

Institutional investors have recently bought and sold shares of the company. CWM LLC boosted its stake in Kohl’s by 59.7% during the 4th 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. Security National Bank purchased a new position in shares of Kohl’s in the second quarter worth about $34,000. Abich Financial Wealth Management LLC acquired a new position in Kohl’s during the second quarter worth about $49,000. Register Financial Advisors LLC purchased a new stake in Kohl’s during the 1st quarter valued at about $54,000. Finally, Summit Securities Group LLC raised its holdings in Kohl’s by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after acquiring an additional 800 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.