Kohl's (NYSE:KSS) Shares Gap Up After Earnings Beat

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $8.10, but opened at $9.10. Kohl's shares last traded at $8.64, with a volume of 5,631,549 shares trading hands.

The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. The company's quarterly revenue was down 4.1% on a year-over-year basis.

Kohl's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a "sell" rating on shares of Kohl's in a research note on Thursday. Morgan Stanley dropped their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price target on shares of Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Monday, May 19th. Robert W. Baird upped their price target on shares of Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Citigroup dropped their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, Kohl's has a consensus rating of "Hold" and an average target price of $9.75.

Hedge Funds Weigh In On Kohl's

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl's during the 4th quarter valued at about $26,000. State of Wyoming purchased a new stake in shares of Kohl's during the 4th quarter valued at about $35,000. Bogart Wealth LLC purchased a new stake in shares of Kohl's during the 4th quarter valued at about $35,000. National Bank of Canada FI purchased a new stake in shares of Kohl's during the 1st quarter valued at about $25,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after purchasing an additional 1,887 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Stock Up 1.1%

The company's 50-day moving average price is $7.38 and its 200 day moving average price is $11.18. The stock has a market cap of $905.06 million, a PE ratio of 3.66 and a beta of 1.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

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.