The stock of Kohl’s Corporation (NYSE:KSS) last traded at $25.15, down -1.83% from the previous session.
Data from the available sources indicates that Kohl’s Corporation (NYSE:KSS) is covered by 16 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $16.00, we find $23.00. Given the previous closing price of $25.62, this indicates a potential downside of -10.23 percent. KSS stock price is now 13.97% away from the 50-day moving average and -3.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.83B.
In total, 7 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $24.23 as their price target over the next twelve months.
With the price target enhanced from $23 to $30, TD Cowen Upgraded its rating from Market Perform to Outperform for Kohl’s Corporation (NYSE: KSS).
In other news, Kingsbury Thomas, Chief Executive Officer bought 92,500 shares of the company’s stock on Mar 29. The stock was bought for $2,018,350 at an average price of $21.82. Upon completion of the transaction, the Chief Executive Officer now directly owns 228,993 shares in the company, valued at $5.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, Director SCHLIFSKE JOHN E. bought 3,413 shares of the business’s stock. A total of $99,967 was incurred on buying the stock at an average price of $29.29. This leaves the insider owning 46,937 shares of the company worth $1.18 million. Insiders disposed of 122,048 shares of company stock worth roughly $3.07 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KSS stock. A new stake in Kohl’s Corporation shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $16,881,000. NINE27 CAPITAL MANAGEMENT, LP invested $15,090,000 in shares of KSS during the first quarter. In the first quarter, 1832 ASSET MANAGEMENT L.P. acquired a new stake in Kohl’s Corporation valued at approximately $11,209,000. BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in KSS for approximately $10,904,000. ASSENAGON ASSET MANAGEMENT S.A. purchased a new stake in KSS valued at around $9,752,000 in the second quarter. In total, there are 476 active investors with 99.30% ownership of the company’s stock.
During the past 12 months, Kohl’s Corporation has had a low of $17.89 and a high of $36.60. As of last week, the company has a debt-to-equity ratio of 1.43, a current ratio of 1.20, and a quick ratio of 0.20. The fifty day moving average price for KSS is $22.17 and a two-hundred day moving average price translates $25.99 for the stock.
The latest earnings results from Kohl’s Corporation (NYSE: KSS) was released for Apr, 2023. According to the Department Stores Company, earnings per share came in at $0.13, beating analysts’ expectations of -$0.42 by 0.55. This compares to $0.11 EPS in the same period last year. The net profit margin was -0.10% and return on equity was -0.50% for KSS. The company reported revenue of $3.57 billion for the quarter, compared to $3.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.88 percent. For the current quarter, analysts expect KSS to generate $3.69B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/21/2023. Investors who held shares on 06/07/2023 were paid a $0.50 dividend. On an annualized basis, this represents a $2.00 dividend and a 7.95% percent yield. There was an ex-dividend date of 06/06/2023 for this dividend.
Kohl’s Corporation(KSS) Company Profile
Kohl’s Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. Kohl’s Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.
