Arrowstreet Capital LP recently announced the acquisition of new stake in Kohl’s Corporation (NYSE:KSS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 155.03% to 3.47 million shares with purchase of 2.11 million shares. This fresh investment now brings its stake to 2.20% valued currently at $66.04 million.
With over 12.76 million Kohl’s Corporation (KSS) shares trading Monday and a closing price of $20.39 on the day, the dollar volume was approximately $260.2 million. The shares have shown a negative weekly performance of -13.05% and its price on 08/24/20 gained nearly 7.88%. Currently, there are 157.74M common shares owned by the public and among those 156.09M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for KSS have a consensus price objective of $20.06. The analysts have set the share’s price value over the next 12 months at a high of $27.00 and a low of $14.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Kohl’s Corporation stock is 2.90 for the next 12 months. The average price target is 2.9% above its last price level and an upside to the estimated low will see the stock lose -45.64% over that period. But an upside of 24.48% will see the stock hit the forecast high price target while mean target price for the stock is $20.00.
Insiders at the company have transacted a total of 102 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 858,554 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 219,846 shares.
The top 3 mutual fund holders in Kohl’s Corporation are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and T Rowe Price Equity Income Fund. Vanguard Total Stock Market Index owns 4.45 million shares of the company’s stock, all valued at over $84.69 million. The company sold 2953.0 shares recently to bring their total holdings to about 2.82% of the shares outstanding. Vanguard 500 Index Fund sold 12462.0 shares to see its total holdings shrink to 3.26 million shares valued at over $62.06 million and representing 2.07% of the shares outstanding. T Rowe Price Equity Income Fund sold -0.45 million shares to bring its total holdings to over 2.85 million shares at a value of $54.26 million. T Rowe Price Equity Income Fund now owns shares totaling to 1.81% of the shares outstanding.
Shares of Kohl’s Corporation (NYSE: KSS) opened at $19.19, up $0.29 from a prior closing price of $18.90. However, the script later closed the day at $20.39, up 7.88%. The company’s stock has a 5-day price change of -13.05% and 4.78% over the past three months. KSS shares are trading -59.98% year to date (YTD), with the 12-month market performance down to -54.87% lower. It has a 12-month low price of $10.89 and touched a high of $59.28 over the same period. Currently, 12.76 million shares have been traded, compared to an average intraday trading volume of 10.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.38%, -4.20%, and -34.69% respectively.
Institutional ownership of Kohl’s Corporation (NYSE: KSS) shares accounts for 85.10% of the company’s 157.74M shares outstanding. Mutual fund holders own 38.93%, while other institutional holders and individual stakeholders account for 45.12% and 3.53% respectively.
It has a market capitalization of $3.23B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 41.11, while the earnings-per-share (ttm) stands at $0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.62% over the week and 5.42% over the month.
Analysts forecast that Kohl’s Corporation (KSS) will achieve an EPS of -$0.48 for the current quarter, $0.6 for the next quarter and $1.72 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.86 while analysts give the company a high EPS estimate of -$0.14. Comparatively, EPS for the current quarter was $0.74 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.90%, and 153.30% over the next financial year. EPS should shrink at an annualized rate of -13.92% over the next five years, compared to 0.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Kohl’s Corporation (KSS) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 11 of the 18 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the KSS, a number of firms have released research notes about the stock. Gordon Haskett stated their Underperform rating for the stock in a research note on August 19, 2020, with the firm’s price target at $20-$14. UBS coverage for the Kohl’s Corporation (KSS) stock in a research note released on July 22, 2020 offered a Sell rating with a price target of $14. BofA Securities was of a view on July 08, 2020 that the stock is Buy, while Telsey Advisory Group gave the stock Market Perform rating on May 20, 2020, issuing a price target of $25- $20. Telsey Advisory Group on their part issued Market Perform rating on March 04, 2020.