Kohl’s Corp. (NYSE:KSS) shares traded -3.93% lower at $19.80 on Wall Street last session.
KSS stock price is now -21.61% away from the 50-day moving average and -20.88% away from the 200-day moving average. The market capitalization of the company currently stands at $2.19B.
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With the price target enhanced from $24 to $29, Telsey Advisory Group maintained Market Perform rating for Kohl’s Corp. (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 $4.53 million. Insiders disposed of 119,108 shares of company stock worth roughly $2.36 million over the past 1 year. A total of 4.88% 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 Corp. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $51,204,000. MAN GROUP PLC invested $21,148,000 in shares of KSS during the first quarter. In the first quarter, SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in Kohl’s Corp. valued at approximately $10,078,000. CLEAR STREET LLC acquired a new stake in KSS for approximately $6,783,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in KSS valued at around $5,305,000 in the second quarter. In total, there are 472 active investors with 104.17% ownership of the company’s stock.
Kohl’s Corp. (NYSE: KSS) opened at $20.26 on Tuesday. During the past 12 months, Kohl’s Corp. has had a low of $17.89 and a high of $35.77. As of last week, the company has a debt-to-equity ratio of 2.14, a current ratio of 1.15, and a quick ratio of 0.14. The fifty day moving average price for KSS is $25.13 and a two-hundred day moving average price translates $24.99 for the stock.
The latest earnings results from Kohl’s Corp. (NYSE: KSS) was released for Jul, 2023. According to the Department Stores Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.22 by 0.3. This compares to $1.12 EPS in the same period last year. The net profit margin was -0.59% and return on equity was -2.51% for KSS. The company reported revenue of $3.9 billion for the quarter, compared to $4.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.7 percent. For the current quarter, analysts expect KSS to generate $3.93B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/20/2023. Investors who held shares on 09/06/2023 were paid a $0.50 dividend. On an annualized basis, this represents a $1.80 dividend and a 9.08% percent yield. There was an ex-dividend date of 09/05/2023 for this dividend.
