Kohl’s Corporation (KSS) rating reiterates by Telsey Advisory Group


In a filing, Kohl’s Corporation revealed its Chief Executive Officer Kingsbury Thomas acquired Company’s shares for reported $2.02 million on Mar 29. In the deal valued at $21.82 per share,92,500 shares were bought. As a result of this transaction, Kingsbury Thomas now holds 228,993 shares worth roughly $ 6.05 million.

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Telsey Advisory Group reiterated its Kohl’s Corporation [KSS] rating to a Market perform in a research note published on Friday, August 24, 2023; the price target was $29. PT values the company’s stock at a premium of 8.86 to its Friday closing price.

Price Performance Review of KSS

On Friday, Kohl’s Corporation [NYSE:KSS] saw its stock fall -0.79% to $26.43. On the same session, the stock had its day’s lowest price of $26.42, but rose to a high of $27.07. Over the last five days, the stock has gained 10.68%. Kohl’s Corporation shares have risen nearly 4.67% since the year began. Nevertheless, the stocks have fallen -7.00% over the past one year. While a 52-week high of $35.77 was reached on 02/03/23, a 52-week low of $17.89 was recorded on 06/01/23. SMA at 50 days reached $26.09, while 200 days put it at $25.84. A total of 4.08 million shares were traded, compared to the trading of 3.91 million shares in the previous session.

Levels Of Support And Resistance For KSS Stock

The 24-hour chart illustrates a support level at 26.21, which if violated will result in even more drops to 25.99. On the upside, there is a resistance level at 26.86. A further resistance level may holdings at 27.29. The Relative Strength Index (RSI) on the 14-day chart is 48.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.40%. Stochastics %K at 57.80% indicates the stock is a holding.

How much short interest is there in Kohl’s Corporation?

A steep rise in short interest was recorded in Kohl’s Corporation stocks on Aug 14, 2023, dropping by -0.9 million shares to a total of 19.59 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 20.49 million shares. There was a decline of -4.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.1.

Kohl’s Corporation [KSS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,765,644 shares, or roughly 10.64% of the outstanding KSS shares. In other words, the investor’s shares have fallen by -259,544 from its previous 13-F filing of 12025188.0. Additionally, The Vanguard Group, Inc. increased 0.10% of its stake after which the total value it holdings stand at $314,847,843, while T. Rowe Price Associates, Inc. added 7.61% of its stake to hold $284.53 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 790,403 shares of Kohl’s Corporation, while Macellum Advisors LP bought 7,129 shares. At present, Dimensional Fund Advisors LP is holding 5,087,899 shares valued at $144.75 million. LSV Asset Management owned 4,384,886 shares of the company at the time of its most recent 13F filing, worth $124.75 million.

According to FactSet, Kohl’s Corporation’s share price will average $27.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.35 percent from its previous closing price of $26.64. Analysts expect Kohl’s Corporation stock to reach the higher price of $38.00, while the lowest price estimate is $16.00. However, 16 analysts have rated KSS stock as a Hold in their predictions for 2023.


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