Kohl's (NYSE:KSS) Trading Up 7.8% - What's Next?

Shares of Kohl's Corporation (NYSE:KSS - Get Free Report) shot up 7.8% during mid-day trading on Monday . The company traded as high as $10.39 and last traded at $10.33. 4,782,949 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 9,091,708 shares. The stock had previously closed at $9.58.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Telsey Advisory Group reissued a "market perform" rating and issued a $9.00 price target on shares of Kohl's in a report on Thursday, May 29th. The Goldman Sachs Group reaffirmed a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Wall Street Zen downgraded Kohl's from a "hold" rating to a "sell" rating in a research report on Sunday, June 22nd. Finally, Barclays boosted their price target on Kohl's from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Eight research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.75.

Kohl's Trading Up 8.3%

The company has a 50-day moving average price of $8.60 and a 200 day moving average price of $9.54. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 5.95 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 data on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted ($0.24) EPS. The company's revenue was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Kohl's Corporation will post 1.3 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors 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 annualized dividend and a yield of 4.82%. Kohl's's dividend payout ratio (DPR) is currently 45.87%.

Institutional Trading of Kohl's

Several institutional investors have recently modified their holdings of KSS. National Bank of Canada FI bought a new position in Kohl's in the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Kohl's by 161.8% during the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after purchasing an additional 1,887 shares during the last quarter. CWM LLC increased its holdings in Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares during the last quarter. State of Wyoming purchased a new position in Kohl's during the fourth quarter valued at $35,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Kohl's during the 1st quarter worth about $36,000. Institutional investors own 98.04% of the company's stock.

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.

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