Kohl’s Sees Unusually Large Options Volume (NYSE:KSS)

Kohl’s Co. (NYSE:KSSGet Rating) saw unusually large options trading activity on Wednesday. Stock investors purchased 35,814 put options on the stock. This represents an increase of 84% compared to the average volume of 19,439 put options.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Kohl’s from $36.00 to $34.00 in a research note on Wednesday, November 9th. Cowen lowered Kohl’s from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $60.00 to $35.00 in a research report on Thursday, August 4th. Jefferies Financial Group downgraded Kohl’s from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $29.00 in a research note on Thursday, September 15th. JPMorgan Chase & Co. boosted their price objective on Kohl’s from $28.00 to $30.00 in a research report on Friday, September 16th. Finally, StockNews.com began coverage on Kohl’s in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.40.

Insiders Place Their Bets

In other Kohl’s news, Director Jonas Prising purchased 10,000 shares of Kohl’s stock in a transaction on Tuesday, August 23rd. The stock was bought at an average cost of $29.67 per share, with a total value of $296,700.00. Following the transaction, the director now owns 60,647 shares of the company’s stock, valued at approximately $1,799,396.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Institutional Trading of Kohl’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its position in shares of Kohl’s by 99.8% during the third quarter. Glenmede Trust Co. NA now owns 431,896 shares of the company’s stock worth $10,860,000 after buying an additional 215,744 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Kohl’s by 51.8% during the third quarter. Captrust Financial Advisors now owns 9,457 shares of the company’s stock worth $238,000 after purchasing an additional 3,227 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Kohl’s during the third quarter worth approximately $93,000. Balyasny Asset Management LLC raised its position in Kohl’s by 34.7% in the third quarter. Balyasny Asset Management LLC now owns 278,158 shares of the company’s stock worth $6,996,000 after acquiring an additional 71,693 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in Kohl’s by 250.4% in the third quarter. Baird Financial Group Inc. now owns 43,406 shares of the company’s stock worth $1,093,000 after acquiring an additional 31,019 shares in the last quarter. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Trading Up 5.4 %

NYSE KSS opened at $31.42 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.18 and a debt-to-equity ratio of 1.01. Kohl’s has a 12 month low of $24.61 and a 12 month high of $64.38. The company’s 50-day moving average price is $28.28 and its 200-day moving average price is $33.55. The stock has a market cap of $3.66 billion, a PE ratio of 6.20, a PEG ratio of 1.26 and a beta of 1.59.

Kohl’s (NYSE:KSSGet Rating) last issued its earnings results on Thursday, November 17th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.23. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Kohl’s had a net margin of 3.70% and a return on equity of 15.04%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS. Equities research analysts forecast that Kohl’s will post 3.19 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.37%. Kohl’s’s payout ratio is 39.45%.

Kohl’s Company Profile

(Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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