Kohl’s (KSS) Hits New 12-Month High at $82.42

Kohl’s Co. (NYSE:KSS) reached a new 52-week high on Wednesday . The company traded as high as $82.42 and last traded at $81.45, with a volume of 108506 shares. The stock had previously closed at $80.98.

A number of equities research analysts have weighed in on the company. Credit Suisse Group upped their target price on Kohl’s from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. MKM Partners upped their target price on Kohl’s to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Kohl’s in a research report on Tuesday, August 21st. Royal Bank of Canada set a $82.00 target price on Kohl’s and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Finally, Telsey Advisory Group upped their target price on Kohl’s from $86.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $77.20.

The firm has a market cap of $13.44 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 0.53.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, August 21st. The company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Kohl’s had a return on equity of 15.55% and a net margin of 4.79%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. sell-side analysts predict that Kohl’s Co. will post 5.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $2.44 annualized dividend and a dividend yield of 3.05%. Kohl’s’s dividend payout ratio is currently 58.23%.

In other Kohl’s news, EVP Ratnakar Lavu sold 12,205 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $82.00, for a total value of $1,000,810.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephanie A. Streeter sold 4,776 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $81.50, for a total value of $389,244.00. Following the completion of the transaction, the director now directly owns 24,860 shares in the company, valued at approximately $2,026,090. The disclosure for this sale can be found here. Insiders sold 65,788 shares of company stock worth $5,357,431 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LFA Lugano Financial Advisors SA acquired a new stake in Kohl’s during the 2nd quarter valued at $106,000. Avestar Capital LLC raised its stake in Kohl’s by 987.3% during the 1st quarter. Avestar Capital LLC now owns 2,218 shares of the company’s stock valued at $129,000 after purchasing an additional 2,014 shares during the period. MUFG Americas Holdings Corp raised its stake in Kohl’s by 280.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock valued at $139,000 after purchasing an additional 1,400 shares during the period. Whittier Trust Co. raised its stake in Kohl’s by 1,497.6% during the 2nd quarter. Whittier Trust Co. now owns 3,307 shares of the company’s stock valued at $174,000 after purchasing an additional 3,100 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in Kohl’s during the 1st quarter valued at $182,000.

About Kohl’s (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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