Kohl’s (NYSE:KSS) Shares Climb 6.3% After Analyst Upgrade

Kohl’s Corporation (NYSE:KSS – Get Free Report)’s stock price traded up 6.3% during mid-day trading on Thursday after Gordon Haskett upgraded the stock from a hold rating to a buy rating. Gordon Haskett now has a $27.00 price target on the stock. Kohl’s traded as high as $23.42 and last traded at $23.5640. 412,446 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 4,514,095 shares. The stock had previously closed at $22.16.

A number of other research analysts have also weighed in on the stock. Morgan Stanley reissued an “underweight” rating and set a $15.00 target price on shares of Kohl’s in a research report on Monday, July 6th. Robert W. Baird raised their price target on Kohl’s from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. increased their target price on Kohl’s from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Tuesday, August 18th. Telsey Advisory Group raised their target price on Kohl’s from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, August 27th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Kohl’s presently has an average rating of “Reduce” and a consensus target price of $17.25.

Read Our Latest Stock Analysis on KSS

Insider Buying and Selling

In related news, EVP Jennifer Kent sold 22,942 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $20.00, for a total value of $458,840.00. Following the sale, the executive vice president owned 234,452 shares of the company’s stock, valued at $4,689,040. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 45,882 shares of company stock valued at $963,520 over the last three months. 1.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Kohl’s by 3.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,677 shares of the company’s stock worth $614,000 after acquiring an additional 1,077 shares during the last quarter. Independent Wealth Network Inc. increased its position in Kohl’s by 3.1% in the 1st quarter. Independent Wealth Network Inc. now owns 38,092 shares of the company’s stock valued at $491,000 after acquiring an additional 1,139 shares in the last quarter. Cidel Asset Management Inc. increased its position in Kohl’s by 10.7% in the 1st quarter. Cidel Asset Management Inc. now owns 14,057 shares of the company’s stock valued at $181,000 after acquiring an additional 1,357 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Kohl’s by 3.0% in the third quarter. GAMMA Investing LLC now owns 47,867 shares of the company’s stock worth $884,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Kohl’s by 114.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,080 shares of the company’s stock worth $63,000 after acquiring an additional 1,647 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

The stock’s 50 day simple moving average is $18.79 and its two-hundred day simple moving average is $16.99. The company has a market capitalization of $2.70 billion, a P/E ratio of 10.41 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.41.

Kohl’s (NYSE:KSS – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.58 by $0.70. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Kohl’s had a net margin of 1.75% and a return on equity of 6.75%. Kohl’s’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. Kohl’s has set its FY 2026 guidance at 1.800-2.400 EPS. As a group, research analysts expect that Kohl’s Corporation will post 2.10 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.1250 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.50 annualized dividend and a yield of 2.1%. Kohl’s’s dividend payout ratio is currently 21.83%.

About Kohl’s

(Get Free Report)

Kohl’s Corporation (NYSE: KSS) is an American department store retailer that sells apparel, footwear, accessories, beauty products, home furnishings, toys and other consumer merchandise. The company serves customers through its stores and digital platforms, offering a mix of national brands, private-label products and exclusive merchandise.

Kohl’s is headquartered in Menomonee Falls, Wisconsin, and operates primarily in the United States. Its retail model combines department store shopping with e-commerce and services such as in-store and online fulfillment.

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