Kohl's (NYSE:KSS) Trading 6.6% Higher

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) rose 6.6% on Monday . The stock traded as high as $24.82 and last traded at $24.72. Approximately 4,765,343 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 5,390,989 shares. The stock had previously closed at $23.19.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KSS. Citigroup dropped their target price on Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, March 13th. Morgan Stanley raised their price target on Kohl's from $18.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, March 21st. TD Cowen raised their price target on Kohl's from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th. Telsey Advisory Group raised their price target on Kohl's from $25.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised their price target on Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.20.

Kohl's Trading Up 6.5 %

The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. The stock has a 50-day simple moving average of $26.26 and a two-hundred day simple moving average of $25.27. The firm has a market capitalization of $2.74 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98.

Kohl's (NYSE:KSS - Get Free Report) last released 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. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.80 billion. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.49) EPS. On average, equities research analysts anticipate that Kohl's Co. will post 2.24 earnings per share for the current year.

Kohl's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl's's payout ratio is 70.18%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Kohl's by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company's stock worth $361,127,000 after buying an additional 1,775,024 shares during the last quarter. Norges Bank purchased a new position in Kohl's during the 4th quarter worth $34,583,000. Vision One Management Partners LP purchased a new position in Kohl's during the 4th quarter worth $28,413,000. Hsbc Holdings PLC grew its stake in Kohl's by 254.9% during the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company's stock worth $22,822,000 after buying an additional 570,745 shares during the last quarter. Finally, Barclays PLC grew its stake in Kohl's by 73.7% during the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company's stock worth $27,245,000 after buying an additional 551,340 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

About Kohl's

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.