Investors are buying a lot of call options on Kohl’s (NYSE:KSS)

Kohl’s Co. (NYSE:KSS – Get Free Report ) was the recipient of unusually high options trading activity on Friday. Traders purchased 37,471 call options on the company. This is a 66% increase from the average volume of 22,509 call options.

Kohl’s stocks rose 1.3%

Shares of Kohl’s stock opened at $19.72 on Friday. The firm has a fifty day moving average of $20.44 and a two hundred day moving average of $23.20. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16, and a current ratio of 1.08. Kohl’s has a one year low of $17.68 and a one year high of $29.60. The company has a market cap of $2.19 billion, a P/E ratio of 7.95, a PEG ratio of 1.32 and a beta of 1.93.

Kohl’s (NYSE:KSS – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. In the same quarter last year, the company posted earnings of $0.52 per share. Kohl’s’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Kohl’s will post 1.81 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 11. This represents an annualized dividend of $2.00 and a yield of 10.14%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

Institutional inputs and outputs

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Algert Global LLC purchased a new stake in Kohl’s in the second quarter valued at about $694,000. Texas Capital Bank Wealth Management Services Inc boosted its stake in Kohl’s by 100.0% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after acquiring an additional 40,000 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Kohl’s by 1,422.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 239,028 shares of the company’s stock worth $5,495,000 after buying an additional 223,328 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Kohl’s by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 234,659 shares of the company’s stock worth $5,395,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Deerfield Management Company LP Series C grew its holdings in shares of Kohl’s by 83.9% during the 2nd quarter. Deerfield Management Company LP Series C now owns 30,166 shares of the company’s stock worth $694,000 after which acquired an additional 13,761 shares in the last quarter. 98.04% of shares are owned by institutional investors.

Analysts on Wall Street are forecasting an increase

A number of equities analysts have commented on the stock. Robert W. Baird cut their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and cut their price target for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the stock from $25.00 to $21.00 in a research note on Friday, August 30th . Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.67.

Check out our latest review of Kohl’s

Kohl’s Company Profile

(Get a free report)

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty and home products through its stores and website. The company offers its products primarily under the brands Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West and Simply Vera Vera Wang.

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