Kohl’s Co. (NYSE:KSS)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $62.90, but opened at $64.45. Kohl’s shares last traded at $66.30, with a volume of 4941341 shares trading hands.
Several equities analysts have recently issued reports on KSS shares. ValuEngine downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wedbush started coverage on shares of Kohl’s in a report on Friday, August 10th. They set a “neutral” rating and a $75.00 price target for the company. Cowen reissued a “buy” rating and set a $90.00 price target on shares of Kohl’s in a report on Thursday, August 16th. Guggenheim reissued a “buy” rating and set a $85.00 price target on shares of Kohl’s in a report on Tuesday, August 21st. Finally, Telsey Advisory Group boosted their price target on shares of Kohl’s from $86.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. Kohl’s currently has an average rating of “Hold” and an average target price of $77.25.
The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.81 and a beta of 1.10. The company has a current ratio of 1.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.70.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, December 11th. Kohl’s’s payout ratio is currently 58.23%.
In other Kohl’s news, Director Stephanie A. Streeter sold 4,776 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $81.50, for a total value of $389,244.00. Following the sale, the director now directly owns 24,860 shares in the company, valued at $2,026,090. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Sona Chawla sold 27,223 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $80.92, for a total transaction of $2,202,885.16. Following the completion of the sale, the president now owns 253,021 shares in the company, valued at $20,474,459.32. The disclosure for this sale can be found here. Insiders sold 75,788 shares of company stock valued at $6,104,331 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. LFA Lugano Financial Advisors SA bought a new stake in Kohl’s in the second quarter worth about $106,000. MUFG Americas Holdings Corp raised its position in Kohl’s by 280.0% in the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock worth $139,000 after acquiring an additional 1,400 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in Kohl’s by 125.8% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock worth $172,000 after acquiring an additional 1,276 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in Kohl’s in the third quarter worth about $182,000. Finally, Harvest Fund Management Co. Ltd raised its position in Kohl’s by 39.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,551 shares of the company’s stock worth $190,000 after acquiring an additional 718 shares in the last quarter.
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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