Kohl's (NYSE:KSS) Trading 5.5% Higher - Time to Buy?

Kohl's Corporation (NYSE:KSS - Get Free Report) was up 5.5% during trading on Tuesday . The stock traded as high as $8.69 and last traded at $8.95. Approximately 1,055,509 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 8,959,738 shares. The stock had previously closed at $8.48.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird upped their target price on shares of Kohl's from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Telsey Advisory Group reissued a "market perform" rating and set a $9.00 price objective on shares of Kohl's in a report on Thursday, May 29th. Citigroup dropped their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Barclays lifted their target price on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Finally, Morgan Stanley lowered their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Eight analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9.75.

Kohl's Trading Up 8.4%

The stock has a 50-day moving average price of $7.90 and a two-hundred day moving average price of $10.02. The stock has a market capitalization of $1.03 billion, a PE ratio of 8.43 and a beta of 1.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results 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 analyst estimates 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 was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share. As a group, equities analysts forecast that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a $0.125 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.50 dividend on an annualized basis and a yield of 5.44%. Kohl's's payout ratio is presently 45.87%.

Hedge Funds Weigh In On Kohl's

Several large investors have recently made changes to their positions in KSS. Alyeska Investment Group L.P. purchased a new stake in shares of Kohl's during the first quarter worth about $11,650,000. Marshall Wace LLP purchased a new stake in Kohl's during the 4th quarter valued at approximately $19,874,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Kohl's during the first quarter valued at approximately $7,818,000. Gate City Capital Management LLC purchased a new position in shares of Kohl's in the fourth quarter worth $12,773,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Kohl's by 88.1% in the first quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company's stock worth $14,513,000 after buying an additional 831,055 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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.