Many stocks have been testing new highs in 2020, and one of the most notable is Kohl’s Corporation (KSS). Currently, KSS is trading at $28.83 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $20.22.
To add more color to this target, the company’s high over the last year is $59.28 and the low is $10.89. Over the last 52 weeks, KSS is down -51.37% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, KSS reported a profit of $641.0 million. Kohl’s Corporation also saw revenues increase to $2.43 billion. In addition, KSS has free cash flow of -$109.0 million as of 04-2020 The company’s EBITDA came in at -$491.0 million which compares well with its peers.
KSS booked profit margins of 0.50%, its Return on Equity (ROE) is 1.70%, and its Return on Assets is 0.60%. All told, it is clear that, KSS needs to be on your watchlist.
About Kohl’s Corporation
If readers are unfamiliar, Kohl’s Corporation operates as a retail company in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang. As of February 1, 2020, it operated 1,159 department stores; a Website Kohls.com; and 12 FILA outlets. Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KSS has a short ratio of 1.93 and outstanding shares of 153.69M.
KSS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14.59 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.50. Kohl’s Corporation KSS also noted assets of $15.87 billion at the end of the last quarter. Investors should also keep an eye on sector updates as KSS has historically followed its peers on positive news.
All told, Kohl’s Corporation KSS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KSS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Kohl’s Corporation KSS is now commanding a market cap of 4.43B and a float of 153.21M. KSS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KSS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in KSS, either long or short, and we have not been compensated for this article.