Kohl’s (NYSE:KSS) Shares Up 6.7%

Kohl’s Co. (NYSE:KSS) shot up 6.7% during mid-day trading on Wednesday . The company traded as high as $16.84 and last traded at $17.75, 5,015,491 shares changed hands during trading. A decline of 32% from the average session volume of 7,402,162 shares. The stock had previously closed at $16.63.

A number of research firms recently issued reports on KSS. ValuEngine upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a report on Tuesday, March 10th. Guggenheim restated a “buy” rating and set a $50.00 price objective on shares of Kohl’s in a report on Tuesday, March 3rd. Credit Suisse Group decreased their price objective on shares of Kohl’s from $48.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Bank of America downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Thursday, January 9th. Finally, Deutsche Bank decreased their price objective on shares of Kohl’s from $46.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.38.

The stock has a market cap of $2.58 billion, a PE ratio of 4.09, a P/E/G ratio of 0.55 and a beta of 0.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.68 and a quick ratio of 0.40. The firm’s 50 day moving average price is $34.65 and its two-hundred day moving average price is $45.92.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, March 3rd. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.11. The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.52 billion. Kohl’s had a net margin of 3.46% and a return on equity of 14.17%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. Analysts anticipate that Kohl’s Co. will post 3.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.704 dividend. This is an increase from Kohl’s’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.82 annualized dividend and a dividend yield of 15.68%. Kohl’s’s dividend payout ratio (DPR) is presently 58.02%.

In other Kohl’s news, Director Peter Boneparth bought 10,000 shares of Kohl’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $34.14 per share, for a total transaction of $341,400.00. 0.57% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. State Street Corp grew its stake in Kohl’s by 1.0% during the third quarter. State Street Corp now owns 8,601,143 shares of the company’s stock valued at $427,133,000 after acquiring an additional 88,654 shares in the last quarter. American International Group Inc. grew its stake in Kohl’s by 9,369.1% during the fourth quarter. American International Group Inc. now owns 5,181,378 shares of the company’s stock valued at $263,991,000 after acquiring an additional 5,126,659 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Kohl’s by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,449,175 shares of the company’s stock valued at $226,685,000 after acquiring an additional 439,881 shares in the last quarter. Maj Invest Holding A S grew its stake in Kohl’s by 11.5% during the fourth quarter. Maj Invest Holding A S now owns 3,107,694 shares of the company’s stock valued at $158,340,000 after acquiring an additional 319,640 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Kohl’s by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,600,896 shares of the company’s stock valued at $132,263,000 after acquiring an additional 25,353 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

Kohl’s Company Profile (NYSE:KSS)

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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