Kohl’s Co. (NYSE:KSS) Short Interest Update

Kohl’s Co. (NYSE:KSS) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 34,940,000 shares, a decrease of 6.9% from the September 30th total of 37,540,000 shares. Currently, 32.0% of the shares of the company are sold short. Based on an average trading volume of 6,690,000 shares, the days-to-cover ratio is presently 5.2 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KSS. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Friday, August 30th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th. Robert W. Baird lowered their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and decreased their price target for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.29.

Kohl’s Trading Down 1.5 %

NYSE KSS traded down $0.29 during trading on Thursday, hitting $18.42. 2,830,709 shares of the company’s stock traded hands, compared to its average volume of 5,938,847. The stock has a fifty day moving average of $19.60 and a two-hundred day moving average of $21.61. Kohl’s has a 12-month low of $17.89 and a 12-month high of $29.60. The firm has a market cap of $2.05 billion, a P/E ratio of 7.34, a PEG ratio of 1.41 and a beta of 1.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the business posted $0.52 EPS. Kohl’s’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that Kohl’s will post 1.8 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.86%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Security National Bank purchased a new position in shares of Kohl’s during the second quarter valued at approximately $34,000. Farther Finance Advisors LLC increased its position in Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the period. CWM LLC raised its holdings in Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s in the 2nd quarter worth about $49,000. Finally, Summit Securities Group LLC boosted its stake in shares of Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.