Kohl's (NYSE:KSS) Stock Price Up 9.5%

Kohl's Co. (NYSE:KSS - Get Free Report) shot up 9.5% during mid-day trading on Monday . The stock traded as high as $26.59 and last traded at $26.21. 2,002,190 shares traded hands during trading, a decline of 62% from the average session volume of 5,271,015 shares. The stock had previously closed at $23.93.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KSS shares. Morgan Stanley lifted their price objective on Kohl's from $18.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, March 13th. TD Cowen raised their target price on Kohl's from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, March 13th. StockNews.com cut shares of Kohl's from a "buy" rating to a "hold" rating in a research note on Monday, May 6th. Finally, Telsey Advisory Group raised their price objective on shares of Kohl's from $25.00 to $28.00 and gave the company a "market perform" rating in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.20.

Kohl's Trading Up 8.4 %

The company has a market cap of $2.88 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.34 and a beta of 2.01. 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 50-day simple moving average is $25.32 and its 200-day simple moving average is $25.69.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share (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 the consensus estimate of $5.80 billion. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.49) EPS. Research analysts predict that Kohl's Co. will post 2.22 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, April 3rd. Investors of record on Wednesday, March 20th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl's's payout ratio is 70.18%.

Institutional Investors Weigh In On Kohl's

Several hedge funds have recently modified their holdings of KSS. Vanguard Group Inc. grew its holdings in Kohl's by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company's stock valued at $361,127,000 after buying an additional 1,775,024 shares during the period. Dimensional Fund Advisors LP grew its holdings in Kohl's by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,800,864 shares of the company's stock valued at $166,375,000 after purchasing an additional 366,660 shares during the period. LSV Asset Management increased its position in Kohl's by 0.3% during the third quarter. LSV Asset Management now owns 4,397,799 shares of the company's stock worth $92,178,000 after purchasing an additional 12,913 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Kohl's by 6.4% during the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company's stock worth $95,813,000 after purchasing an additional 199,618 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Kohl's by 38.5% in the 3rd quarter. American Century Companies Inc. now owns 1,686,202 shares of the company's stock valued at $35,343,000 after purchasing an additional 468,602 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.