Kohl’s Co. (NYSE:KSS) Short Interest Down 10.4% in June

Kohl’s Co. (NYSE:KSS) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 22,720,500 shares, a decline of 10.4% from the May 30th total of 25,362,000 shares. Based on an average trading volume of 4,760,000 shares, the short-interest ratio is currently 4.8 days. Approximately 13.9% of the company’s shares are short sold.

Shares of NYSE KSS traded up $0.59 during trading on Friday, hitting $48.71. 2,858,797 shares of the company traded hands, compared to its average volume of 3,978,997. Kohl’s has a 1 year low of $45.21 and a 1 year high of $83.28. The stock has a 50-day moving average of $48.38. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.90 and a beta of 0.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.34.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. On average, research analysts predict that Kohl’s will post 5.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, June 11th. This represents a $2.68 annualized dividend and a dividend yield of 5.50%. Kohl’s’s dividend payout ratio is presently 47.86%.

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. Wakefield Asset Management LLLP lifted its holdings in shares of Kohl’s by 3.3% during the 1st quarter. Wakefield Asset Management LLLP now owns 4,779 shares of the company’s stock valued at $329,000 after acquiring an additional 153 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Kohl’s by 2.9% during the 1st quarter. Eagle Asset Management Inc. now owns 7,928 shares of the company’s stock valued at $545,000 after acquiring an additional 226 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Kohl’s by 2.3% during the 1st quarter. LS Investment Advisors LLC now owns 10,252 shares of the company’s stock valued at $705,000 after acquiring an additional 227 shares in the last quarter. Princeton Capital Management LLC lifted its holdings in shares of Kohl’s by 94.3% during the 1st quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock valued at $37,000 after acquiring an additional 264 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of Kohl’s by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 23,558 shares of the company’s stock valued at $1,620,000 after acquiring an additional 277 shares in the last quarter.

Several analysts have commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 target price (down from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $127.00 target price (down from $133.00) on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. UBS Group lowered their target price on shares of VF from $97.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Deutsche Bank set a $33.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, TheStreet raised shares of Sensient Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, June 18th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $69.67.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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