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

Kohl's Co. (NYSE:KSS - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $6.71, but opened at $7.46. Kohl's shares last traded at $7.65, with a volume of 3,256,247 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group lowered their price target on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Barclays began coverage on Kohl's in a research note on Monday, April 28th. They set an "underweight" rating and a $4.00 price objective for the company. The Goldman Sachs Group raised their price target on Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Jefferies Financial Group lowered their price objective on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, Telsey Advisory Group reduced their price target on Kohl's from $10.00 to $9.00 and set a "market perform" rating for the company in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.54.

Kohl's Price Performance

The company has a market capitalization of $834.37 million, a price-to-earnings ratio of 3.39 and a beta of 1.61. The company has a 50 day simple moving average of $7.81 and a 200 day simple moving average of $12.17. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The firm's quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. As a group, research analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's payout ratio is currently 51.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's during the 4th quarter worth about $26,000. State of Wyoming purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $35,000. Bogart Wealth LLC acquired a new stake in shares of Kohl's in the fourth quarter worth $35,000. National Bank of Canada FI bought a new position in Kohl's during the 1st quarter valued at $25,000. Finally, CWM LLC increased its holdings in shares of Kohl's by 49.7% in the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares during the period. Institutional investors own 98.04% of the company's stock.

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.

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