Stock Traders Purchase Large Volume of Kohl’s Call Options (NYSE:KSS)

Kohl’s Co. (NYSE:KSSGet Free Report) saw some unusual options trading on Monday. Stock investors acquired 24,208 call options on the stock. This represents an increase of 45% compared to the typical volume of 16,649 call options.

Kohl’s Stock Up 6.5 %

Shares of NYSE:KSS opened at $23.85 on Tuesday. Kohl’s has a 1 year low of $17.68 and a 1 year high of $29.65. The business has a 50 day simple moving average of $25.04 and a two-hundred day simple moving average of $25.97. The firm has a market capitalization of $2.64 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19.

Kohl’s (NYSE:KSSGet Free Report) last announced its earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities analysts predict that Kohl’s will post 1.64 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.39%. Kohl’s’s payout ratio is 80.65%.

Institutional Trading of Kohl’s

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of Kohl’s by 254.9% in the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock valued at $22,822,000 after purchasing an additional 570,745 shares during the period. Barclays PLC lifted its holdings in Kohl’s by 73.7% during the third quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after buying an additional 551,340 shares during the period. Norges Bank purchased a new stake in Kohl’s during the fourth quarter worth $34,583,000. Allianz Asset Management GmbH lifted its holdings in Kohl’s by 6.4% during the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock worth $95,813,000 after buying an additional 199,618 shares during the period. Finally, Brandywine Global Investment Management LLC purchased a new stake in Kohl’s during the third quarter worth $6,741,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KSS. Citigroup dropped their price objective on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. JPMorgan Chase & Co. dropped their price objective on Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price objective on shares of Kohl’s in a report on Thursday, May 30th. StockNews.com cut Kohl’s from a “buy” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley increased their price objective on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and a consensus price target of $22.44.

Get Our Latest Analysis on KSS

About Kohl’s

(Get Free Report)

Kohl's Corporation operates as an 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 Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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