Investors Buy High Volume of Kohl's Call Options (NYSE:KSS)

Key Points

• Investors showed significant interest in Kohl's, purchasing 103,167 call options, marking a 113% increase from the average trading volume.
• Kohl's reported earnings per share of $0.56 for the last quarter, surpassing analysts' expectations, but their revenue of $3.35 billion fell short of forecasts.
• The company announced a quarterly dividend of $0.125 per share, translating to an annualized yield of 3.0%, with the ex-dividend date set for September 10th.

Kohl's Corporation (NYSE:KSS - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 103,167 call options on the company. This is an increase of approximately 113% compared to the average volume of 48,545 call options.

Kohl's Stock Performance

Kohl's stock traded up $0.02 on Tuesday, reaching $16.61. 3,875,472 shares of the stock were exchanged, compared to its average volume of 11,229,944. The stock has a market cap of $1.86 billion, a PE ratio of 8.98 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. Kohl's has a twelve month low of $6.04 and a twelve month high of $21.39. The firm has a fifty day moving average price of $12.29 and a two-hundred day moving average price of $9.69.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.23. The business had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.37 billion. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. Sell-side analysts anticipate that Kohl's will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, September 10th. Kohl's's dividend payout ratio is presently 27.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of Kohl's from $5.00 to $8.00 and gave the company an "underweight" rating in a research note on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Kohl's from $9.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. The Goldman Sachs Group lifted their price target on shares of Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a research report on Thursday, August 28th. UBS Group lifted their price target on shares of Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, August 28th. Finally, Cowen reaffirmed a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Kohl's has an average rating of "Reduce" and a consensus target price of $12.46.

Hedge Funds Weigh In On Kohl's

Large investors have recently bought and sold shares of the business. Viawealth LLC increased its position in shares of Kohl's by 7.2% during the second quarter. Viawealth LLC now owns 12,998 shares of the company's stock worth $110,000 after acquiring an additional 873 shares in the last quarter. Vident Advisory LLC increased its position in shares of Kohl's by 9.3% during the fourth 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. Wealth Enhancement Advisory Services LLC increased its position in shares of Kohl's by 5.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,667 shares of the company's stock worth $201,000 after acquiring an additional 1,106 shares in the last quarter. Allworth Financial LP increased its position in shares of Kohl's by 11.7% during the second quarter. Allworth Financial LP now owns 10,698 shares of the company's stock worth $91,000 after acquiring an additional 1,117 shares in the last quarter. Finally, CWM LLC increased its position in shares of Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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