Kohl's (NYSE:KSS) Shares Gap Up - Still a Buy?

Kohl's Co. (NYSE:KSS - Get Free Report) shares 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KSS shares. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research note on Thursday, May 29th. Morgan Stanley cut their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their target price on Kohl's from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. Telsey Advisory Group restated a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a research note on Thursday, May 29th. Finally, UBS Group cut their target price on Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research note on Wednesday, March 12th. Eight research 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, Kohl's presently has a consensus rating of "Hold" and an average price target of $9.75.

Kohl's Stock Down 6.9%

The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a 50 day simple moving average of $7.54 and a 200-day simple moving average of $10.59. The stock has a market capitalization of $903.39 million, a price-to-earnings ratio of 3.66 and a beta of 1.66.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share (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 firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted ($0.24) earnings per share. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that Kohl's Co. will post 1.3 EPS for the current fiscal year.

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 paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.16%. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Institutional Trading of Kohl's

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. National Bank of Canada FI acquired a new stake in shares of Kohl's in the first quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl's in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC increased its stake in shares of Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after buying an additional 1,887 shares in the last quarter. CWM LLC increased its stake in shares of Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new stake in shares of Kohl's in the fourth quarter valued at $35,000. 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.