Kohl's (NYSE:KSS) Stock Price Up 5.6% - Time to Buy?

Key Points

• Kohl's shares rose **5.6%** to **$17.59** during recent trading, despite a significant drop in trading volume.
• The company's latest quarterly earnings report showed a **$0.56 earnings per share** (EPS), surpassing expectations, although revenue declined **5%** year-over-year.
• Kohl's announced a quarterly dividend of **$0.125**, with a yield of **2.8%**, set to be paid on **September 24th**.

Kohl's Corporation (NYSE:KSS - Get Free Report) shares rose 5.6% on Wednesday . The stock traded as high as $17.42 and last traded at $17.59. Approximately 1,086,922 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 11,008,425 shares. The stock had previously closed at $16.65.

Analyst Upgrades and Downgrades

KSS has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Kohl's from $5.00 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday. Evercore ISI boosted their price target on shares of Kohl's from $8.00 to $13.00 and gave the stock an "in-line" rating in a research report on Thursday, August 28th. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. Telsey Advisory Group lifted their price objective on shares of Kohl's from $9.00 to $16.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 27th. Finally, Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $12.75.

Kohl's Stock Down 0.9%

The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 9.31 and a beta of 1.74. The business's 50 day moving average price is $13.59 and its 200 day moving average price is $10.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.23. The business had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.37 billion. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The business's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, equities analysts forecast that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. Kohl's's dividend payout ratio (DPR) is 27.03%.

Institutional Trading of Kohl's

A number of hedge funds and other institutional investors have recently modified their holdings of KSS. National Bank of Canada FI acquired a new stake in shares of Kohl's in the 1st quarter worth $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Kohl's by 161.8% in the 1st 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 during the period. CWM LLC lifted its stake in Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after purchasing an additional 1,386 shares during the last quarter. State of Wyoming purchased a new stake in shares of Kohl's during the fourth quarter worth approximately $35,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of Kohl's during the first quarter worth approximately $36,000. 98.04% of the stock is owned by institutional investors and hedge funds.

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.