Kohl's (NYSE:KSS) Stock Price Up 5.1% Following Better-Than-Expected Earnings

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price traded up 5.1% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $8.21 and last traded at $8.45. 1,148,309 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 8,897,989 shares. The stock had previously closed at $8.04.

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

Kohl's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued 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 6.15%. Kohl's's dividend payout ratio (DPR) is 45.87%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KSS shares. Citigroup dropped their target price on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Morgan Stanley dropped their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Bank of America dropped their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group dropped their target price on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Robert W. Baird increased their target price on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday. Eight investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.75.

Institutional Investors Weigh In On Kohl's

A number of hedge funds and other institutional investors have recently bought and sold shares of KSS. KBC Group NV increased its holdings in Kohl's by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after purchasing an additional 1,974 shares in the last quarter. Yousif Capital Management LLC boosted its position in Kohl's by 4.2% in the 4th quarter. Yousif Capital Management LLC now owns 57,307 shares of the company's stock valued at $805,000 after buying an additional 2,287 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in Kohl's in the 4th quarter valued at $516,000. Empowered Funds LLC boosted its position in Kohl's by 15.3% in the 4th quarter. Empowered Funds LLC now owns 451,510 shares of the company's stock valued at $6,339,000 after buying an additional 59,979 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in Kohl's by 112.1% in the 4th quarter. Entropy Technologies LP now owns 137,223 shares of the company's stock valued at $1,927,000 after buying an additional 72,532 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl's Price Performance

The stock has a market capitalization of $905.06 million, a P/E 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. The stock has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $11.14.

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.