Kohl’s (KSS) Shares Gap Up to $64.45

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.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. Research analysts predict that Kohl’s Co. will post 5.5 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: “Kohl’s (KSS) Shares Gap Up to $64.45” was reported by WKRB News and is the property of of WKRB News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.wkrb13.com/2018/11/24/kohls-kss-shares-gap-up-to-64-45.html.

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.

See Also: What is a stock split?

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply