Kohl's Co. (NYSE:KSS) Sees Significant Decline in Short Interest

Kohl's Co. (NYSE:KSS - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 29,910,000 shares, a decline of 14.0% from the March 15th total of 34,760,000 shares. Based on an average trading volume of 5,340,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 27.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Kohl's

A number of hedge funds have recently made changes to their positions in the business. Money Concepts Capital Corp grew its holdings in Kohl's by 4.1% during the 4th quarter. Money Concepts Capital Corp now owns 7,912 shares of the company's stock valued at $200,000 after purchasing an additional 312 shares in the last quarter. CWM LLC grew its holdings in Kohl's by 59.7% during the 4th quarter. CWM LLC now owns 1,145 shares of the company's stock valued at $33,000 after purchasing an additional 428 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Kohl's by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company's stock valued at $1,406,000 after purchasing an additional 470 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Kohl's by 3.2% during the 2nd quarter. Osaic Holdings Inc. now owns 15,136 shares of the company's stock valued at $351,000 after purchasing an additional 475 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in Kohl's by 1.8% during the 1st quarter. Blair William & Co. IL now owns 28,668 shares of the company's stock worth $1,733,000 after acquiring an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Trading Down 4.0 %

KSS stock traded down $0.95 on Friday, hitting $22.73. 6,277,189 shares of the company were exchanged, compared to its average volume of 5,269,149. Kohl's has a twelve month low of $17.68 and a twelve month high of $29.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20. The business's fifty day moving average is $26.72 and its two-hundred day moving average is $25.15. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.27 and a beta of 1.98.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.28 by $0.39. Kohl's had a net margin of 1.81% and a return on equity of 8.40%. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the business posted ($2.49) earnings per share. Kohl's's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts forecast that Kohl's will post 2.24 earnings per share for the current year.

Kohl's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl's's dividend payout ratio is presently 70.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KSS. TD Cowen boosted their price objective on shares of Kohl's from $28.00 to $31.00 and gave the stock an "outperform" rating in a report on Wednesday, March 13th. Telsey Advisory Group upped their price target on shares of Kohl's from $25.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. upped their price target on shares of Kohl's from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, March 13th. StockNews.com raised shares of Kohl's from a "hold" rating to a "buy" rating in a report on Friday. Finally, Citigroup reduced their price target on shares of Kohl's from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $24.20.

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.