Kohl’s Target of Unusually High Options Trading (NYSE:KSS)

Kohl’s Target of Unusually High Options Trading (NYSE:KSS)

Kohl’s Co. (NYSE:KSS – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders bought 23,743 put options on the stock. This represents an increase of approximately 73% compared to the typical volume of 13,721 put options.

Kohl’s Stock Performance

Shares of NYSE:KSS traded up $0.70 during midday trading on Tuesday, reaching $25.40. The company’s stock had a trading volume of 7,782,271 shares, compared to its average volume of 5,481,300. The firm has a market capitalization of $2.82 billion, a PE ratio of 8.88, a P/E/G ratio of 1.29 and a beta of 1.98. Kohl’s has a twelve month low of $17.68 and a twelve month high of $29.65. The stock has a fifty day moving average of $26.26 and a 200 day moving average of $25.27. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11.

Kohl’s (NYSE:KSS – Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the firm posted ($2.49) earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Kohl’s will post 2.24 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date of this dividend was Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

Institutional Trading of Kohl’s

A number of hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in Kohl’s by 9.5% during the first quarter. Amalgamated Bank now owns 52,417 shares of the company’s stock worth $1,528,000 after buying an additional 4,539 shares in the last quarter. New Mexico Educational Retirement Board purchased a new position in Kohl’s during the first quarter valued at $840,000. Accurate Wealth Management LLC lifted its holdings in Kohl’s by 9.4% during the first quarter. Accurate Wealth Management LLC now owns 10,992 shares of the company’s stock valued at $320,000 after purchasing an additional 944 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Kohl’s by 495.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in Kohl’s by 82.7% during the first quarter. Hexagon Capital Partners LLC now owns 2,567 shares of the company’s stock valued at $75,000 after purchasing an additional 1,162 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of recent analyst reports. TD Cowen upped their price target on shares of Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Morgan Stanley upped their price target on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Telsey Advisory Group upped their price target on shares of Kohl’s from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. upped their price target on shares of Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Citigroup cut their price target on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and an average target price of $24.20.

Kohl’s Company Profile¬†

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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