Shares of Kohl’s Corporation (NYSE:KSS – Get Free Report) were up 10.5% during trading on Thursday . The company traded as high as $17.12 and last traded at $17.5410. Approximately 2,740,059 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 4,779,310 shares. The stock had previously closed at $15.87.
Analyst Upgrades and Downgrades
A number of analysts have commented on KSS shares. Wall Street Zen downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Robert W. Baird reduced their price objective on Kohl’s from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. JPMorgan Chase & Co. dropped their target price on Kohl’s from $22.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. The Goldman Sachs Group dropped their target price on Kohl’s from $15.00 to $13.00 and set a “sell” rating for the company in a report on Wednesday, March 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 target price on shares of Kohl’s in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $14.85.
View Our Latest Research Report on Kohl’s
Kohl’s Price Performance
Kohl’s (NYSE:KSS – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.05. Kohl’s had a return on equity of 4.67% and a net margin of 1.76%.The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm posted ($0.13) EPS. The business’s revenue was down 1.7% on a year-over-year basis. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. As a group, equities research analysts forecast that Kohl’s Corporation will post 1.27 earnings per share for the current year.
Kohl’s Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, June 10th. Kohl’s’s dividend payout ratio (DPR) is currently 21.19%.
Institutional Investors Weigh In On Kohl’s
A number of hedge funds and other institutional investors have recently bought and sold shares of KSS. Baird Financial Group Inc. acquired a new stake in Kohl’s during the 1st quarter valued at $96,000. Caxton Associates LLP acquired a new stake in Kohl’s during the 1st quarter valued at $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Kohl’s by 14.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock valued at $4,006,000 after buying an additional 60,769 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Kohl’s in the 2nd quarter valued at $120,000. Finally, Cetera Investment Advisers boosted its position in Kohl’s by 21.6% in the 2nd quarter. Cetera Investment Advisers now owns 33,708 shares of the company’s stock valued at $286,000 after buying an additional 5,997 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.
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.
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