Kohl’s Corporation (KSS) expanding its growth trajectory ahead

Kohl’s Corporation (NYSE: KSS) stock fell -2.91% on Tuesday to $31.72 against a previous-day closing price of $32.67. With 2.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.98 million shares. During the session, the Department Stores company that operates in wider Consumer Cyclical sector, reached to the highest price of $32.84 whereas the lowest price it dropped to was $31.69. The 52-week range on KSS shows that it touched its highest point at $64.38 and its lowest point at $23.38 during that stretch. It currently has a 1-year price target of $29.46. With its current market cap of 3.44 billion, KSS has annualized dividend of $2.00 while the current yield stands at 6.31%. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KSS was up-trending over the past week, with a rise of 5.56%, but this was up by 25.72% over a month. Three-month performance surged to 9.57% while six-month performance rose 9.53%. The stock lost -32.28% in the past year, while it has gained 25.62% so far this year. A look at the trailing 12-month EPS for KSS yields 4.29 with Next year EPS estimates of 3.30. For the next quarter, that number is 1.03. This implies an EPS growth rate of 698.80% for this year and 8.34% for next year.

Float and Shares Shorts:

At present, 118.00 million KSS shares are outstanding with a float of 108.65 million shares on hand for trading. On Oct 13, 2022, short shares totaled 14.31 million, which was 12.27% higher than short shares on Sep 14, 2022. In addition to Ms. Michelle D. Gass as the firm’s CEO & Director, Ms. Jill Timm serves as its Sr. EVP & CFO.


Institutional Ownership:

Through their ownership of 103.84% of KSS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.76% of KSS, in contrast to 5.57% held by mutual funds. Shares owned by individuals account for 46.64%. As the largest shareholder in KSS with 11.25% of the stake, The Vanguard Group, Inc. holds 12,433,358 shares worth 12,433,358. A second-largest stockholder of KSS, BlackRock Fund Advisors, holds 9,708,367 shares, controlling over 8.79% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in KSS, holding 7,235,995 shares or 6.55% stake. With a 3.26% stake in KSS, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 3,598,504 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.21% of KSS stock, is the second-largest Mutual Fund holder. It holds 3,542,346 shares valued at 89.44 million. T Rowe Price Equity Income Fund holds 2.78% of the stake in KSS, owning 3,070,000 shares worth 77.52 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KSS since 17 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KSS analysts setting a high price target of $42.00 and a low target of $18.00, the average target price over the next 12 months is $29.21. Based on these targets, KSS could surge 32.41% to reach the target high and fall by -43.25% to reach the target low. Reaching the average price target will result in a decline of -7.91% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KSS will report FY 2023 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $3.28 being high and $2.80 being low. For KSS, this leads to a yearly average estimate of $3.04. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kohl’s Corporation surprised analysts by $0.05 when it reported $0.82 EPS against a consensus estimate of $0.77. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $1.24 and the low estimate is $0.78. The average estimate for the next quarter is thus $1.03.

Summary of Insider Activity:

Insiders traded KSS stock several times over the past three months with 17 Buys and 5 Sells. In these transactions, 5,002 shares were bought while 8,127 shares were sold. The number of buy transactions has increased to 112 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 347,865 while 93,362 shares were sold.

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