Major Move Is Coming For Kohl’s Corporation After Bullish Options Activity

 Major Move Is Coming For Kohl's Corporation After Bullish Options Activity

In today’s session Kohl’s Corporation (KSS) registered an unusually high (3,468) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious KSS increase. With 3,468 contracts traded and 50044 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: KSS161021C00045000 closed last at: $0.85 or 88.9% up. About 2.52M shares traded hands. Kohl’s Corporation (NYSE:KSS) has declined 5.29% since March 4, 2016 and is downtrending. It has underperformed by 13.33% the S&P500.

Analysts await Kohl’s Corporation (NYSE:KSS) to report earnings on November, 10. They expect $0.72 earnings per share, down 4.00% or $0.03 from last year’s $0.75 per share. KSS’s profit will be $131.18 million for 15.88 P/E if the $0.72 EPS becomes a reality. After $1.22 actual earnings per share reported by Kohl’s Corporation for the previous quarter, Wall Street now forecasts -40.98% negative EPS growth.

Kohl’s Corporation (NYSE:KSS) Ratings Coverage

Out of 15 analysts covering Kohl’s Corporation (NYSE:KSS), 6 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 40% are positive. Kohl’s Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating by Atlantic Securities given on Friday, February 5. The stock of Kohl’s Corporation (NYSE:KSS) has “Buy” rating given on Sunday, August 16 by Telsey Advisory Group. Deutsche Bank maintained the shares of KSS in a report on Friday, August 12 with “Hold” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, October 7. The stock of Kohl’s Corporation (NYSE:KSS) earned “Outperform” rating by Telsey Advisory Group on Friday, February 26. On Thursday, February 4 the stock rating was downgraded by M Partners to “Neutral”. Guggenheim initiated the shares of KSS in a report on Friday, September 30 with “Buy” rating. The rating was maintained by Telsey Advisory Group on Friday, August 14 with “Outperform”. M Partners maintained Kohl’s Corporation (NYSE:KSS) rating on Tuesday, November 10. M Partners has “Buy” rating and $56 price target. Citigroup maintained Kohl’s Corporation (NYSE:KSS) on Friday, August 12 with “Neutral” rating.

According to Zacks Investment Research, “Kohl’s Corporation operates family oriented, specialty department stores primarily in the Midwest, Mid-Atlantic and Northeast areas of the United States that feature quality, national brand merchandise priced to provide exceptional value to customers. The company’s stores sell moderately priced apparel, shoes, accessories and home products targeted to middle-income customers shopping for their families and homes. Kohl’s stores feature easily accessible locations, well laid out stores, central checkout and good in-stock.”

Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.17, from 0.9 in 2016Q1. The ratio improved, as 74 funds sold all Kohl’s Corporation shares owned while 158 reduced positions. 64 funds bought stakes while 185 increased positions. They now own 167.65 million shares or 6.12% less from 178.57 million shares in 2016Q1.
South Dakota Investment Council accumulated 0.28% or 334,785 shares. Winslow Evans Crocker accumulated 824 shares or 0% of the stock. Airain last reported 39,641 shares in the company. Hsbc Hldg Public Limited Co holds 0.04% or 399,507 shares in its portfolio. City Holding accumulated 0.44% or 25,975 shares. The California-based Menta Capital Lc has invested 0.15% in Kohl’s Corporation (NYSE:KSS). Deere And has 28,796 shares for 0.06% of their US portfolio. Commonwealth Equity Services holds 51,074 shares or 0.02% of its portfolio. Gotham Asset Management Ltd Liability Com has invested 0.17% of its portfolio in Kohl’s Corporation (NYSE:KSS). Financial Bank Of Montreal Can has invested 0.07% of its portfolio in Kohl’s Corporation (NYSE:KSS). Tokio Marine Asset Limited, a Japan-based fund reported 6,902 shares. Teacher Retirement Sys Of Texas accumulated 0% or 13,587 shares. Massachusetts Financial Svcs Ma accumulated 0.02% or 792,454 shares. Blackrock Fund Advsrs accumulated 0.02% or 2.96M shares. Rhumbline Advisers has 321,622 shares for 0.04% of their US portfolio.

Insider Transactions: Since August 11, 2016, the stock had 1 insider purchase, and 0 sales for $26,980 net activity. Shares for $26,980 were bought by WATSON STEPHEN E.

Kohl’s Corporation is an operator of department stores. The company has a market cap of $8.33 billion. The Firm also operates an e-commerce Website (www.Kohls.com). It has a 14.96 P/E ratio. The Firm operates over 1,160 department stores in approximately 50 states.

KSS Company Profile

Kohl’s Corporation (Kohl’s), incorporated on March 23, 1993, is an operator of department stores. The Firm also operates an e-commerce Website (www.Kohls.com). The Firm operates over 1,160 department stores in approximately 50 states. The Firm sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products. The Company’s Website includes merchandise, which is available in its stores, as well as merchandise, which is available only on-line.

More news for Kohl’s Corporation (NYSE:KSS) were recently published by: Investorplace.com, which released: “Trade of the Day: Kohl’s Corporation (KSS) Has Good Things in Store” on September 22, 2016. Investorplace.com‘s article titled: “Why Kohl’s Corporation Was Named a Top Dividend Stock (KSS)” and published on September 27, 2016 is yet another important article.

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