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Kohl’s Corporation (KSS) Has Strong Growth Prospects Through 2023

Kohl’s Corporation (NYSE:KSS) has a beta value of 1.64 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $3.44B, closed the recent trade at $30.79 per share which meant it lost -$0.93 on the day or -2.94% during that session. The KSS stock price is -109.09% off its 52-week high price of $64.38 and 24.07% above the 52-week low of $23.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.46 million shares traded. The 3-month trading volume is 3.99 million shares.

The consensus among analysts is that Kohl’s Corporation (KSS) is a Hold stock at the moment, with a recommendation rating of 2.90. 2 analysts rate the stock as a Sell, while 2 rate it as Overweight. 10 out of 17 have rated it as a Hold, with 2 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.03.

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Kohl’s Corporation (NYSE:KSS) trade information

Sporting -2.94% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the KSS stock price touched $30.79 or saw a rise of 6.24%. Year-to-date, Kohl’s Corporation shares have moved 25.62%, while the 5-day performance has seen it change 5.56%. Over the past 30 days, the shares of Kohl’s Corporation (NYSE:KSS) have changed 25.72%. Short interest in the company has seen 17.2 million shares shorted with days to cover at 4.61.

Wall Street analysts have a consensus price target for the stock at $29.21, which means that the shares’ value could drop -5.41% from the levels at last check today. The projected low price target is $18.00 while the price target rests at a high of $42.00. In that case, then, we find that the latest price level in today’s session is -36.41% off the targeted high while a plunge would see the stock lose 41.54% from the levels at last check today.

Kohl’s Corporation (KSS) estimates and forecasts

Figures show that Kohl’s Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 9.53% over the past 6 months, with this year growth rate of -57.98%, compared to -25.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -53.20% and -209.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.90%.

9 analysts offering their estimates for the company have set an average revenue estimate of $5.99 billion for the current quarter. 3 have an estimated revenue figure of $3.44 billion for the next quarter concluding in Apr 2023. Year-ago sales stood $6.22 billion and $3.47 billion respectively for this quarter and the next, and analysts expect sales will shrink by -3.70% for the current quarter and -1.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.30% over the past 5 years.

KSS Dividends

Kohl’s Corporation is expected to release its next earnings report between February 27 and March 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.00 at a share yield of 6.31%. The company’s dividend yield has gone up over the past 12 months.

Kohl’s Corporation (NYSE:KSS)’s Major holders

Insiders own 1.66% of the company shares, while shares held by institutions stand at 98.72% with a share float percentage of 100.38%. Investors are also buoyed by the number of investors in a company, with Kohl’s Corporation having a total of 500 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 12.6 million shares worth more than $392.35 million. As of Sep 29, 2022, Vanguard Group, Inc. (The) held 11.41% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 10.88 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $338.58 million and represent 9.84% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Sep 29, 2022, the former fund manager holds about 3.49% shares in the company for having 3.86 million shares of worth $120.03 million while later fund manager owns 3.6 million shares of worth $112.09 million as of Dec 30, 2022, which makes it owner of about 3.26% of company’s outstanding stock.

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