Kohl’s (NYSE:KSS) Shares Gap Up to $19.19

Kohl’s Co. (NYSE:KSS)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.19, but opened at $20.14. Kohl’s shares last traded at $19.73, with a volume of 937,291 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KSS. Robert W. Baird cut their target price on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. TD Cowen cut their target price on Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. JPMorgan Chase & Co. lowered their price target on Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. StockNews.com downgraded Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, Evercore ISI lowered their price target on Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.44.

Kohl’s Stock Up 2.8 %

The firm has a market cap of $2.27 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.90 and a beta of 1.95. The business’s fifty day moving average price is $21.51 and its two-hundred day moving average price is $24.25. The company has a current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.28). The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.41 billion. Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. Kohl’s’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. As a group, equities research analysts anticipate that Kohl’s Co. will post 1.38 EPS for the current year.

Kohl’s Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 9.78%. Kohl’s’s payout ratio is currently 80.65%.

Hedge Funds Weigh In On Kohl’s

Institutional investors have recently modified their holdings of the company. CWM LLC grew its stake in Kohl’s by 59.7% in the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock valued at $33,000 after buying an additional 428 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of Kohl’s by 133.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock valued at $40,000 after purchasing an additional 802 shares during the last quarter. Security National Bank bought a new position in shares of Kohl’s in the second quarter worth about $34,000. GAMMA Investing LLC acquired a new position in shares of Kohl’s during the 4th quarter worth about $46,000. Finally, Register Financial Advisors LLC bought a new stake in Kohl’s during the 1st quarter valued at approximately $54,000. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

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.