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

Kohl’s Co. (NYSE:KSS) saw unusually large options trading on Monday. Traders acquired 52,133 put options on the stock. This is an increase of 127% compared to the average daily volume of 22,953 put options.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Morgan Stanley lowered Kohl’s to an “underweight” rating and lowered their target price for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Finally, Evercore ISI lowered their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus price target of $20.67.

Kohl’s Price Performance

Kohl’s stock traded down $0.73 during mid-day trading on Monday, reaching $18.99. 4,707,531 shares of the company were exchanged, compared to its average volume of 5,868,591. The company has a fifty day simple moving average of $20.44 and a 200-day simple moving average of $23.17. Kohl’s has a 12 month low of $17.68 and a 12 month high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The firm has a market cap of $2.11 billion, a PE ratio of 8.09, a PEG ratio of 1.32 and a beta of 1.93.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the company earned $0.52 EPS. The company’s revenue was down 4.2% on a year-over-year basis. As a group, equities research analysts expect that Kohl’s will post 1.81 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 10.53%. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Hedge Funds Weigh In On Kohl’s

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in shares of Kohl’s by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 43,026 shares of the company’s stock valued at $1,234,000 after purchasing an additional 3,295 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kohl’s by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,501,527 shares of the company’s stock valued at $43,064,000 after purchasing an additional 143,443 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Kohl’s by 39.7% in the 4th quarter. Principal Financial Group Inc. now owns 569,924 shares of the company’s stock valued at $16,345,000 after purchasing an additional 161,973 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Kohl’s by 9.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 119,829 shares of the company’s stock valued at $3,437,000 after purchasing an additional 10,520 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Kohl’s by 197.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,756 shares of the company’s stock worth $79,000 after acquiring an additional 1,829 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

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.