Kohl’s Corporation (KSS) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Kohl’s Corporation (NYSE: KSS) stock jumped 0.18% on Friday to $22.80 against a previous-day closing price of $22.76. With 4.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.82 million shares. During the session, the Department Stores company that operates in wider Consumer Cyclical sector, reached to the highest price of $23.12 whereas the lowest price it dropped to was $22.59. The 52-week range on KSS shows that it touched its highest point at $35.77 and its lowest point at $17.89 during that stretch. It currently has a 1-year price target of $26.92. With its current market cap of 2.52 billion, KSS has annualized dividend of $2.00 while the current yield stands at 8.77%. Beta for the stock currently stands at 1.79.

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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 down-trending over the past week, with a drop of -5.75%, but this was down by -16.36% over a month. Three-month performance dropped to -3.88% while six-month performance fell -1.85%. The stock lost -20.50% in the past year, while it has lost -9.70% so far this year. A look at the trailing 12-month EPS for KSS yields -1.06 with Next year EPS estimates of 3.02. For the next quarter, that number is 0.37. This implies an EPS growth rate of -102.50% for this year and 23.92% for next year.

Float and Shares Shorts:

At present, 110.00 million KSS shares are outstanding with a float of 108.53 million shares on hand for trading. On Aug 30, 2023, short shares totaled 21.08 million, which was 19.05% higher than short shares on Jul 30, 2023. In addition to Mr. Thomas A. Kingsbury as the firm’s CEO & Director, Ms. Jill Timm serves as its Sr. EVP & CFO.

Institutional Ownership:

Through their ownership of 103.47% of KSS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.11% of KSS, in contrast to 54.20% held by mutual funds. Shares owned by individuals account for 50.87%. As the largest shareholder in KSS with 10.64% of the stake, BlackRock Fund Advisors holds 11,765,644 shares worth 11,765,644. A second-largest stockholder of KSS, The Vanguard Group, Inc., holds 11,066,708 shares, controlling over 10.01% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in KSS, holding 10,000,958 shares or 9.04% stake. With a 3.23% stake in KSS, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 3,572,898 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.12% of KSS stock, is the second-largest Mutual Fund holder. It holds 3,447,044 shares valued at 91.83 million. T Rowe Price Equity Income Fund holds 2.91% of the stake in KSS, owning 3,220,000 shares worth 85.78 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KSS since 0 analysts follow the stock currently. 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 $38.00 and a low target of $15.00, the average target price over the next 12 months is $26.92. Based on these targets, KSS could surge 66.67% to reach the target high and fall by -34.21% to reach the target low. Reaching the average price target will result in a growth of 18.07% 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.

Summary of Insider Activity:

Insiders traded KSS stock several times over the past three months with 14 Buys and 2 Sells. In these transactions, 4,677 shares were bought while 5,667 shares were sold. The number of buy transactions has increased to 97 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 930,221 while 119,260 shares were sold.

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