Stock Traders Purchase High Volume of Kohl’s Corporation Call Options (NYSE:KSS)

Kohl’s Corporation (NYSE:KSS) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 20,293 call options on the stock. This is an increase of 603% compared to the average daily volume of 2,886 call options.

Kohl’s Corporation (NYSE KSS) opened at 38.64 on Friday. The firm has a market cap of $6.59 billion, a PE ratio of 11.19 and a beta of 1.16. The company’s 50-day moving average is $39.64 and its 200-day moving average is $39.37. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67.

Kohl’s Corporation (NYSE:KSS) last released its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. Kohl’s Corporation had a return on equity of 13.29% and a net margin of 3.25%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that Kohl’s Corporation will post $3.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.69%. Kohl’s Corporation’s dividend payout ratio is currently 64.14%.

KSS has been the subject of several analyst reports. Zacks Investment Research raised shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, July 11th. Gordon Haskett initiated coverage on shares of Kohl’s Corporation in a report on Tuesday, May 9th. They set a “reduce” rating and a $35.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price target on shares of Kohl’s Corporation in a report on Sunday, July 30th. Citigroup Inc. reissued a “buy” rating and set a $44.00 price target (down from $52.00) on shares of Kohl’s Corporation in a report on Sunday, May 14th. Finally, Vetr downgraded shares of Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 price target for the company. in a report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.98.

Large investors have recently added to or reduced their stakes in the company. Ffcm LLC boosted its stake in Kohl’s Corporation by 179.3% in the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after buying an additional 1,947 shares during the period. Johnson Financial Group Inc. boosted its stake in Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock valued at $132,000 after buying an additional 778 shares during the period. CENTRAL TRUST Co boosted its stake in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after buying an additional 1,352 shares during the period. Exane Derivatives boosted its stake in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in Kohl’s Corporation during the second quarter valued at approximately $146,000.

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Kohl’s Corporation Company Profile

Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.

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