Kohl's (NYSE:KSS) Shares Gap Up - Time to Buy?

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.01, but opened at $9.25. Kohl's shares last traded at $9.41, with a volume of 1,400,657 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Wall Street Zen cut Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 1st. Evercore ISI decreased their price target on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Citigroup lowered their price objective on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, UBS Group cut their target price on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Eight analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.75.

Kohl's Price Performance

The firm has a market capitalization of $1.00 billion, a PE ratio of 4.07 and a beta of 1.66. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average price of $7.43 and a two-hundred day moving average price of $10.72.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. Sell-side analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 5.55%. Kohl's's dividend payout ratio (DPR) is 45.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new stake in shares of Kohl's during the first quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in Kohl's during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its position in Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after acquiring an additional 1,887 shares during the period. CWM LLC grew its stake in shares of Kohl's by 49.7% in the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Bogart Wealth LLC acquired a new position in shares of Kohl's in the fourth quarter valued at approximately $35,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.