Kohl’s sees unusually high volume of options (NYSE: KSS)
Kohl’s Co. (NYSE: KSS) experienced unusual options trading activity on Monday. Stock traders bought 56,014 call options on the company. This represents an increase of approximately 986% over the typical daily volume of 5,159 call options.
A number of research analysts have recently published reports on KSS shares. Citigroup Inc. Russell-based 3% minimum coupon protected capital raised its target price on Kohl’s shares from $ 21.00 to $ 33.00 in a research report on Wednesday, November 18. UBS Group raised its price target for Kohl’s stock from $ 50.00 to $ 54.00 and rated the stock “neutral” in a research note on Friday, March 5. Gordon Haskett upgraded Kohl’s shares from a “reduce” rating to a “hold” rating and set a target price of $ 28.00 for the company in a research note on Tuesday, November 17. Credit Suisse Group raised its price target for Kohl’s shares from $ 30.00 to $ 58.00 and rated the stock “neutral” in a research note on Tuesday, March 9. Finally, Cowen raised his price target for Kohl’s stock from $ 65.00 to $ 67.00 and rated the stock as “outperforming” in a research note on Wednesday, March 3. One research analyst gave the stock a sell rating, eight issued a hold rating, and seven gave the stock a buy rating. Kohl’s currently has a consensus rating of “Hold” and an average price target of $ 45.88.
Several institutional investors have recently changed their positions in KSS. Patriot Financial Group Insurance Agency LLC increased its holdings of Kohl’s shares by 325.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 850 shares of the company valued at $ 35,000 after purchasing an additional 650 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in Kohl’s shares in the fourth quarter valued at approximately $ 35,000. Prime Capital Investment Advisors LLC increased its holdings of Kohl’s shares by 52.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,330 shares of the company valued at $ 43,000 after purchasing an additional 800 shares in the last quarter. Inspire Advisors LLC purchased a new stake in Kohl’s shares in the fourth quarter valued at approximately $ 44,000. Finally, DB Wealth Management Group LLC purchased a new stake in Kohl’s shares in the fourth quarter valued at approximately $ 45,000. 83.59% of the shares are currently held by hedge funds and other institutional investors.
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Actions of NYSE: KSS open for $ 62.99 on Tuesdays. The company has a quick ratio of 0.64, a current ratio of 1.60 and a debt ratio of 0.80. The company has a market cap of $ 9.93 billion, a PE ratio of -40.38 and a beta of 2.04. Kohl’s has a 12-month low of $ 10.89 and a 12-month high of $ 64.16. The company has a 50-day moving average price of $ 51.84 and a two-hundred-day moving average price of $ 35.13.
Kohl’s (NYSE: KSS) last released its results on Monday, March 1. The company reported earnings per share of $ 2.22 for the quarter, beating analyst consensus estimates of $ 1.01 by $ 1.21. The company posted revenue of $ 6.14 billion in the quarter, compared to $ 5.85 billion according to analysts’ estimates. Kohl’s had a negative net margin of 1.45% and a negative return on equity of 4.50%. The company’s quarterly revenue declined 10.1% year-over-year. In the same quarter of last year, the company made earnings per share of $ 1.99. Analysts expect Kohl’s to post earnings per share of -2.71 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 31. Shareholders of record on Wednesday March 17 will receive a dividend of $ 0.25. This represents a dividend of $ 1.00 on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday March 16.
Kohl Company Profile
Kohl’s Corporation operates as a retail business in the United States. Its stores and website offer clothing, footwear, accessories, beauty and home products. The company supplies its products primarily under the Apt brands. 9, Croft & Barrow, Jumping Beans, SO and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad and Simply Vera Vera Wang.
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