BlackRock Fund Advisors recently announced the acquisition of new stake in Kohl’s Corp. (NYSE:KSS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.30% to 11.8 million shares with purchase of 35689.0 shares. This fresh investment now brings its stake to 10.66% valued currently at $266.12 million. In addition, Macellum Advisors LP raised its holdings by 5329.0 to 5.47 million shares. And Dimensional Fund Advisors LP has lifted its position by 6.81% or 0.35 million shares – to 5.43 million shares.
With over 7.02 million Kohl’s Corp. (KSS) shares trading Monday and a closing price of $25.57 on the day, the dollar volume was approximately $179.59 million. The shares have shown a positive half year performance of 25.65% and its price on 12/04/23 gained nearly 5.49%. Currently, there are 111.00M common shares owned by the public and among those 105.29M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 16 analysts who have offered their price forecasts for KSS have a consensus price objective of $24.21. The analysts have set the share’s price value over the next 12 months at a high of $38.00 and a low of $15.00. The average price target is -5.62% below its recent price level and a downside to the estimated low will see the stock lose -70.47% over that period. But an upside of 32.71% will see the stock hit the forecast high price target while median target price for the stock is $24.00.
Insiders at the company have transacted a total of 127 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 93 of these insider trades were purchases, accounting for 991,895 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 123,585 shares.
The top 3 mutual fund holders in Kohl’s Corp. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and T Rowe Price Equity Income Fund. iShares Core S&P Small Cap ETF owns 7.44 million shares of the company’s stock, all valued at over $167.78 million. The company sold 23294.0 shares recently to bring their total holdings to about 6.72% of the shares outstanding. Vanguard Total Stock Market ETF bought 47492.0 shares to see its total holdings expand to 3.3 million shares valued at over $74.37 million and representing 2.98% of the shares outstanding. T Rowe Price Equity Income Fund sold -0.3 million shares to bring its total holdings to over 2.92 million shares at a value of $65.85 million. T Rowe Price Equity Income Fund now owns shares totaling to 2.64% of the shares outstanding.
The company’s stock has a 5-day price change of 10.93% and 1.87% over the past three months. KSS shares are trading 1.27% year to date (YTD), with the 12-month market performance down to -19.59% lower. It has a 12-month low price of $17.68 and touched a high of $35.77 over the same period. KSS has an average intraday trading volume of 5.56 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 8.49%, 17.64%, and 9.05% respectively.
Institutional ownership of Kohl’s Corp. (NYSE: KSS) shares accounts for 109.03% of the company’s 111.00M shares outstanding. Mutual fund holders own 57.27%, while other institutional holders and individual stakeholders account for 6.23% and 52.96% respectively.
It has a market capitalization of $2.83B and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$1.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.73% over the week and 5.68% over the month.
Analysts forecast that Kohl’s Corp. (KSS) will achieve an EPS of $1.26 for the current quarter, $0.09 for the next quarter and $2.73 for 2025. The lowest estimate earnings-per-share for the quarter is $0.72 while analysts give the company a high EPS estimate of $1.69. Comparatively, EPS for the current quarter was -$2.49 a year ago. Earnings per share for the fiscal year are expected to increase by 1738.85%, and 11.74% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 16 brokerage firm advisors rate Kohl’s Corp. (KSS) as a “Hold” at a consensus score of 3.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 8 of the 16 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. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on November 22, 2023, with the firm’s price target at $29-$25.
