Kohl's (NYSE:KSS) Trading Up 8% - Should You Buy?

Kohl's Corporation (NYSE:KSS - Get Free Report)'s share price was up 8% on Monday . The company traded as high as $8.76 and last traded at $8.77. Approximately 1,742,515 shares traded 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KSS shares. Morgan Stanley cut their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Citigroup dropped their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Telsey Advisory Group reissued a "market perform" rating and issued a $9.00 price objective on shares of Kohl's in a research note on Thursday, May 29th. UBS Group dropped their price objective on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group reissued a "sell" rating on shares of Kohl's in a research note on Thursday, May 29th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.75.

Kohl's Price Performance

The company's 50 day moving average price is $7.65 and its 200-day moving average price is $10.41. The stock has a market cap of $936.09 million, a P/E ratio of 7.67 and a beta of 1.66. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (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 the consensus estimate of $3.01 billion. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.24) earnings per share. As a group, sell-side analysts expect that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's payout ratio is currently 45.87%.

Hedge Funds Weigh In On Kohl's

Several large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Kohl's during the fourth quarter worth $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 buying an additional 91,590 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position 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 buying an additional 573,579 shares during the period. Hussman Strategic Advisors Inc. increased its position in shares of Kohl's by 66.7% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock worth $1,474,000 after buying an additional 42,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Kohl's by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after buying an additional 55,540 shares during the period. Institutional investors 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.