Kohl's (NYSE:KSS) Trading Up 5.7% - What's Next?

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price rose 5.7% during mid-day trading on Monday . The stock traded as high as $6.86 and last traded at $6.85. Approximately 6,422,454 shares traded hands during trading, a decline of 23% from the average daily volume of 8,334,339 shares. The stock had previously closed at $6.48.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Robert W. Baird cut their price objective on Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target on Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Citigroup lowered 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 reaffirmed a "market perform" rating and set a $10.00 target price on shares of Kohl's in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group decreased their target price on shares of Kohl's from $7.50 to $4.00 and set a "sell" rating for the company in a research note on Tuesday. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and an average target price of $11.15.

Kohl's Trading Up 0.6 %

The stock has a 50-day simple moving average of $8.77 and a two-hundred day simple moving average of $13.12. 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 firm has a market cap of $787.06 million, a PE ratio of 3.18 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's payout ratio is currently 51.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl's during the 4th quarter valued at about $26,000. State of Wyoming purchased a new stake in Kohl's during the fourth quarter valued at approximately $35,000. Bogart Wealth LLC bought a new position in Kohl's in the fourth quarter worth approximately $35,000. KBC Group NV boosted its stake in shares of Kohl's by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after acquiring an additional 1,974 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Kohl's by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock valued at $50,000 after acquiring an additional 5,894 shares during the period. 98.04% of the stock is 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.