The Vanguard Group, Inc. has recently announced that it has increased stake in Kohl’s Corporation (NYSE:KSS) by 0.10%. After grabbing 11.07 million shares, the institutional investor is now in possession of 11165.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.01% having worth around $314.85 million. Moreover, T. Rowe Price Associates, Inc. increased its share by 0.71 million to have a control over 10.0 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.79 million shares by acquiring 5.73 million shares or 5.18% of the stake.
Kohl’s Corporation (KSS) concluded trading on 09/13/23 at a closing price of $22.45, with 3.97 million shares of worth about $89.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.72% during that period and on Wednesday the price saw a loss of about -4.26%. Currently the company’s common shares owned by public are about 110.00M shares, out of which, 108.53M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the KSS stock and their offered price forecasts bring an average price target of $26.92. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $38.00 and could fall to a lowest price of $15.00. The stock’s current price level is 16.85% above of average price target set by the analysts, while a rise to estimated low would result in loss of -49.67% for the stock. However, touching the estimated high of $38.00 would mean a gain of 40.92% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 131 times over the past 12 months. They bought 1,087,204 shares in 97 of the transactions. In 34 selling transactions, insiders dumped 121,034 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and T Rowe Price Equity Income Fund are the top 3 mutual funds which are holding stakes in Kohl’s Corporation iShares Core S&P Mid Cap ETF is currently holding 3.56 million shares of worth totaling $101.15 million. The company recently came buying 2540.0 shares which brought its stake up to 3.22% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold 5561.0 shares, after which its hold over company’s outstanding shares shrunk to 3.12%, leaving 3.45 million shares with the mutual fund that have a worth of about $98.08 million. T Rowe Price Equity Income Fund, after buying 3.22 million shares, have now control over 2.91% of the stake in the company. It holds 40000.0 shares of worth $91.61 million.
Kohl’s Corporation (NYSE: KSS) started trading at $23.23, below -$0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 23.33, or with a loss of -4.26%. Stock saw a price change of -9.48% in past 5 days and over the past one month there was a price change of -19.19%. Year-to-date (YTD), KSS shares are showing a performance of -11.09% which decreased to -27.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.89 but also hit the highest price of $35.77 during that period. The average intraday trading volume for Kohl’s Corporation shares is 3.84 million. The stock is currently trading -13.40% below its 20-day simple moving average (SMA20), while that difference is down -14.63% for SMA50 and it goes to -12.41% lower than SMA200.
The Vanguard Group, Inc. acquired 11.07 million shares of Kohl’s Corporation having value of about $314.85 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 11165.0 shares in the company valued at close to $250654.25, or have control over 0.10% stake in the company. Kohl’s Corporation (NYSE: KSS) currently have 110.00M outstanding shares and institutions hold larger chunk of about 99.30% of that. Holding of mutual funds in the company is about 54.18% while other institutional holders and individual stake holders have control over 6.11% and 50.88% of the stake respectively.
The stock has a current market capitalization of $2.45B and its 3Y-monthly beta is at 1.79. It has posted earnings per share of -$1.06 in the same period. It has Quick Ratio of 0.10 while making debt-to-equity ratio of 1.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KSS, volatility over the week remained 4.11% while standing at 4.70% over the month.
Analysts are in expectations that Kohl’s Corporation (KSS) stock would likely to be making an EPS of $0.37 in the current quarter, while forecast for next quarter EPS is $1.4 and it is $3.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.65 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.82 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -102.50% while it is estimated to increase by 24.12% in next year.
Analysts at 16 brokerage firms have issued recommendations for the Kohl’s Corporation (KSS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 16 Wall Street analysts, 3 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on August 24, 2023 offering a Market perform rating for the stock and assigned a target price range of between $24 and $29 to it.