Kohl's (NYSE:KSS) Stock Price Up 8% - Here's What Happened

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) rose 8% during mid-day trading on Monday . The stock traded as high as $8.76 and last traded at $8.77. Approximately 1,742,515 shares changed hands during trading, a decline of 80% from the average daily volume of 8,908,647 shares. The stock had previously closed at $8.12.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KSS shares. UBS Group cut their target price on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, March 12th. Citigroup decreased their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Telsey Advisory Group reiterated a "market perform" rating and set a $9.00 price objective on shares of Kohl's in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised their target price on Kohl's from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Finally, Barclays increased their price target on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.75.

Kohl's Stock Performance

The firm's fifty day moving average is $7.54 and its 200 day moving average is $10.53. The firm has a market capitalization of $995.49 million, a price-to-earnings ratio of 3.99 and a beta of 1.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. Kohl's's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) earnings per share. On average, analysts predict that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The business 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. This represents a $0.50 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Wednesday, June 11th. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Hedge Funds Weigh In On Kohl's

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Kohl's during the 4th quarter worth approximately $8,185,000. Dana Investment Advisors Inc. increased its position in shares of Kohl's by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock worth $3,554,000 after acquiring an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Kohl's by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock worth $13,246,000 after acquiring an additional 573,579 shares during the period. Hussman Strategic Advisors Inc. lifted its position in Kohl's by 66.7% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock valued at $1,474,000 after acquiring an additional 42,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kohl's by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after purchasing an additional 55,540 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

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.

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