Kohl’s Co. (NYSE:KSS) Short Interest Down 10.4% in June

Kohl’s Co. (NYSE:KSS) saw a significant drop in short interest in June. As of June 30th, there was short interest totalling 22,720,500 shares, a drop of 10.4% from the May 30th total of 25,362,000 shares. Approximately 13.9% of the company’s stock are sold short. Based on an average daily trading volume, of 4,760,000 shares, the short-interest ratio is currently 4.8 days.

Shares of NYSE KSS traded up $0.59 during midday trading on Friday, reaching $48.71. 2,858,797 shares of the company were exchanged, compared to its average volume of 3,978,997. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 1.06. Kohl’s has a 1 year low of $45.21 and a 1 year high of $83.28. The company’s fifty day moving average is $48.38. The company has a market capitalization of $7.89 billion, a PE ratio of 8.70, a P/E/G ratio of 0.90 and a beta of 0.98.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the business earned $0.64 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Kohl’s will post 5.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Tuesday, June 11th. Kohl’s’s dividend payout ratio is currently 47.86%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its holdings in shares of Kohl’s by 9.8% during the fourth quarter. Stifel Financial Corp now owns 169,495 shares of the company’s stock worth $11,250,000 after buying an additional 15,068 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in Kohl’s by 1.7% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 453,300 shares of the company’s stock valued at $30,072,000 after purchasing an additional 7,600 shares during the period. Juncture Wealth Strategies LLC acquired a new stake in Kohl’s in the first quarter valued at about $220,000. TLW Wealth Management LLC acquired a new stake in Kohl’s in the first quarter valued at about $4,893,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Kohl’s by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,654 shares of the company’s stock valued at $664,000 after purchasing an additional 646 shares during the period.

KSS has been the topic of a number of analyst reports. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on STMicroelectronics and gave the company a “buy” rating in a research note on Tuesday, May 21st. Citigroup upgraded Gilead Sciences from a “neutral” rating to a “buy” rating and set a $66.80 price target on the stock in a research note on Wednesday, May 22nd. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the company a “hold” rating in a research note on Wednesday, May 22nd. UBS Group dropped their price objective on VF from $97.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Finally, Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.67.

About Kohl’s

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: Options Trading – Understanding Strike Price

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.