Kohl’s (NYSE:KSS) Shares Up 8.8% – Still a Buy?

Kohl’s Co. (NYSE:KSS)’s stock price rose 8.8% on Monday . The company traded as high as $9.08 and last traded at $9.01. Approximately 6,973,070 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 7,566,714 shares. The stock had previously closed at $8.28.

Analyst Ratings Changes

Several analysts have issued reports on KSS shares. TD Cowen cut their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Bank of America cut their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Morgan Stanley decreased their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 12th. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, March 11th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average target price of $12.10.

Kohl’s Price Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The business has a 50 day moving average of $11.56 and a 200 day moving average of $15.20. The company has a market cap of $984.50 million, a PE ratio of 3.98 and a beta of 1.92.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 EPS. As a group, research analysts predict that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.65%. The ex-dividend date is Friday, March 21st. Kohl’s’s payout ratio is currently 51.02%.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KSS. FMR LLC raised its position in shares of Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after purchasing an additional 740,398 shares during the last quarter. American Century Companies Inc. raised its holdings in Kohl’s by 11.7% in the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after buying an additional 433,264 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Kohl’s by 3.3% in the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock worth $51,190,000 after buying an additional 117,819 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kohl’s by 1.6% during the fourth quarter. Invesco Ltd. now owns 2,292,746 shares of the company’s stock valued at $32,190,000 after buying an additional 36,622 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Kohl’s by 4.0% during the fourth quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company’s stock valued at $31,667,000 after acquiring an additional 87,235 shares in the last quarter. Hedge funds and other institutional investors 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.