Kohl’s (NYSE:KSS) Trading Up 6.2% – Here’s What Happened

Kohl’s Corporation (NYSE:KSS)’s share price rose 6.2% on Wednesday . The stock traded as high as $18.78 and last traded at $18.3810. Approximately 1,032,582 shares traded hands during trading, a decline of 70% from the average daily volume of 3,408,429 shares. The stock had previously closed at $17.30.

Wall Street Analysts Forecast Growth

Several research firms have commented on KSS. TD Cowen reiterated a “hold” rating on shares of Kohl’s in a research note on Wednesday, November 26th. Evercore increased their price target on Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a research report on Tuesday, November 25th. Robert W. Baird set a $24.00 price target on Kohl’s in a report on Wednesday, December 17th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective (up previously from $16.00) on shares of Kohl’s in a research note on Tuesday, November 25th. Finally, Gordon Haskett raised Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $15.55.

Kohl’s Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12. The company has a 50 day simple moving average of $20.31 and a 200-day simple moving average of $17.43. The stock has a market capitalization of $2.06 billion, a P/E ratio of 10.68 and a beta of 1.44.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.29. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, equities analysts forecast that Kohl’s Corporation will post 1.3 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jill Timm sold 25,000 shares of Kohl’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.75, for a total value of $568,750.00. Following the completion of the transaction, the chief financial officer directly owned 335,561 shares in the company, valued at approximately $7,634,012.75. The trade was a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of Kohl’s by 221.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 143,376 shares of the company’s stock worth $2,204,000 after acquiring an additional 98,778 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Kohl’s during the 3rd quarter valued at $5,198,000. Quantbot Technologies LP purchased a new position in Kohl’s in the 2nd quarter worth $1,324,000. Corton Capital Inc. lifted its stake in Kohl’s by 223.7% in the second quarter. Corton Capital Inc. now owns 50,636 shares of the company’s stock worth $429,000 after purchasing an additional 34,992 shares during the last quarter. Finally, TriaGen Wealth Management LLC bought a new stake in Kohl’s in the third quarter worth $730,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.