Kohl's (NYSE:KSS) Trading Up 8.9% - Time to Buy?

Key Points

• Kohl's Corporation shares rose by 8.9% on Monday, trading at $12.11 after closing at $11.12, with trading volume significantly lower than the average.
• Recent analyst ratings reveal a mixed outlook, with several firms issuing sell and neutral ratings, leading to an average price target of $9.89.
• Kohl's reported a quarterly loss of ($0.13) EPS, better than expected, with quarterly revenues of $3.05 billion, down 4.1% year-over-year.

Kohl's Corporation (NYSE:KSS - Get Free Report) traded up 8.9% on Monday . The stock traded as high as $12.12 and last traded at $12.11. 2,893,862 shares changed hands during trading, a decline of 75% from the average session volume of 11,484,939 shares. The stock had previously closed at $11.12.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Telsey Advisory Group reiterated a "market perform" rating and set a $9.00 target price on shares of Kohl's in a research report on Thursday, May 29th. Robert W. Baird increased their target price on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. The Goldman Sachs Group reiterated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Evercore ISI reduced their target price on Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Kohl's from a "hold" rating to a "sell" rating in a research report on Sunday, June 22nd. Eight research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.89.

Kohl's Trading Up 9.9%

The firm has a market cap of $1.37 billion, a P/E ratio of 11.21 and a beta of 1.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. The firm has a fifty day moving average of $9.74 and a 200-day moving average of $9.39.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the firm posted ($0.24) EPS. The firm's quarterly revenue was down 4.1% on a year-over-year basis. Equities research 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 given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Wednesday, June 11th. Kohl's's payout ratio is 45.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KSS. LPL Financial LLC boosted its position in Kohl's by 45.9% during the 4th quarter. LPL Financial LLC now owns 65,235 shares of the company's stock worth $916,000 after acquiring an additional 20,537 shares during the period. Franklin Resources Inc. raised its stake in shares of Kohl's by 128.5% in the 4th quarter. Franklin Resources Inc. now owns 103,236 shares of the company's stock worth $1,449,000 after buying an additional 58,057 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Kohl's by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock worth $246,000 after buying an additional 1,232 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Kohl's by 20.3% in the 4th quarter. Bank of Montreal Can now owns 27,783 shares of the company's stock worth $390,000 after buying an additional 4,694 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Kohl's by 1.6% in the 4th quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after buying an additional 36,622 shares in the last quarter. Institutional investors and hedge funds 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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