Short Interest in Kohl's Co. Expands By 12.9% (KSS)
Shares of Kohl's Co. (NYSE:KSS) were the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 30,733,238 shares, a growth of 12.9% from the July 15th total of 27,220,716 shares, StockRatingsNetwork.com reports. Approximately 15.4% of the shares of the stock are short sold. Based on an average daily volume of 2,297,445 shares, the short-interest ratio is currently 13.4 days.
KSS has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of Kohl's Co. from $61.00 to $62.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Kohl's Co. from $52.00 to $56.00 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Kohl's Co. from $62.00 to $64.00 in a research note on Tuesday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Kohl's Co. presently has an average rating of “Buy” and a consensus target price of $59.20.
Kohl's Co. (NYSE:KSS) opened at 56.91 on Friday. Kohl's Co. has a 52-week low of $48.68 and a 52-week high of $59.00. The stock’s 50-day moving average is $53.10 and its 200-day moving average is $53.69. The company has a market cap of $11.798 billion and a P/E ratio of 13.72.
Kohl's Co. (NYSE:KSS) last issued its quarterly earnings data on Thursday, August 14th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.06. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.28 billion. Analysts expect that Kohl's Co. will post $4.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.83%.
Kohl’s Corporation (NYSE:KSS) operate family-oriented department stores that sell apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares.
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