An Important Check-Up On Kohl’s Corp. (NYSE: KSS)

BlackRock Fund Advisors has recently announced that it has increased stake in Kohl’s Corp. (NYSE:KSS) by 0.30%. After grabbing 11.8 million shares, the institutional investor is now in possession of 35689.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.66% having worth around $276.74 million. Moreover, Macellum Advisors LP increased its share by 5329.0 to have a control over 5.47 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.35 million shares by acquiring 5.43 million shares or 4.91% of the stake.

Kohl’s Corp. (KSS) concluded trading on 01/03/24 at a closing price of $26.42, with 6.33 million shares of worth about $167.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.63% during that period and on Wednesday the price saw a loss of about -5.78%. Currently the company’s common shares owned by public are about 111.00M shares, out of which, 105.31M 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: 17 analysts are covering the KSS stock and their offered price forecasts bring an average price target of $24.21. 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 -9.13% below of average price target set by the analysts, while a dip to estimated low would result in loss of -76.13% for the stock. However, touching the estimated high of $38.00 would mean a gain of 30.47% 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 106 times over the past 12 months. They bought 986,893 shares in 76 of the transactions. In 30 selling transactions, insiders dumped 116,358 shares.

iShares Core S&P Small 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 Corp. iShares Core S&P Small Cap ETF is currently holding 7.4 million shares of worth totaling $173.55 million. The company recently came buying 3594.0 shares which brought its stake up to 6.69% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 37581.0 shares, after which its hold over company’s outstanding shares expand to 3.01%, leaving 3.34 million shares with the mutual fund that have a worth of about $78.22 million. T Rowe Price Equity Income Fund, after selling 2.92 million shares, have now control over 2.64% of the stake in the company. It holds -0.3 million shares of worth $68.47 million.

Kohl’s Corp. (NYSE: KSS) started trading at $27.37, below -$0.67 from concluding price of the previous day. However, the stock later moved at a day high price of 27.42, or with a loss of -5.78%. Stock saw a price change of -8.80% in past 5 days and over the past one month there was a price change of 8.99%. Year-to-date (YTD), KSS shares are showing a performance of -7.88% which increased to 4.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.68 but also hit the highest price of $35.77 during that period. The average intraday trading volume for Kohl’s Corp. shares is 5.76 million. The stock is currently trading -2.12% below its 20-day simple moving average (SMA20), while that difference is up 7.16% for SMA50 and it goes to 12.84% higher than SMA200.

BlackRock Fund Advisors acquired 11.8 million shares of Kohl’s Corp. having value of about $276.74 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 35689.0 shares in the company valued at close to $942903.38, or have control over 0.30% stake in the company. Kohl’s Corp. (NYSE: KSS) currently have 111.00M outstanding shares and institutions hold larger chunk of about 109.07% of that. Holding of mutual funds in the company is about 55.74% while other institutional holders and individual stake holders have control over 6.23% and 54.55% of the stake respectively.

The stock has a current market capitalization of $2.92B and its 3Y-monthly beta is at 2.00. It has posted earnings per share of -$1.30 in the same period. It has Quick Ratio of 0.12 while making debt-to-equity ratio of 2.15. 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 3.89% while standing at 4.72% over the month.

Analysts are in expectations that Kohl’s Corp. (KSS) stock would likely to be making an EPS of $1.26 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $2.69 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.72 which is $1.69 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 -$2.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1742.60% while it is estimated to increase by 10.85% in next year.

Analysts at 17 brokerage firms have issued recommendations for the Kohl’s Corp. (KSS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.94. Out of those 17 Wall Street analysts, 3 recommended a “Buy” rating, while 8 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 November 22, 2023 offering a Market perform rating for the stock and assigned a target price range of between $29 and $25 to it.