What’s Next for Kohl's Corporation (KSS) After Forming Double Top?

April 20, 2018 - By Kurt Siggers

Kohl's Corporation (NYSE:KSS) Logo

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.12, from 0.94 in 2017Q3. It increased, as 31 investors sold Kohl's Corporation shares while 178 reduced holdings. 93 funds opened positions while 129 raised stakes. 165.73 million shares or 5.45% less from 175.28 million shares in 2017Q3 were reported.
22,213 are owned by Mutual Of America Mngmt Ltd. Intact Mgmt Inc invested 0.01% of its portfolio in Kohl's Corporation (NYSE:KSS). Hills Fincl Bank invested in 0.68% or 42,628 shares. Gotham Asset Lc has 305,259 shares. Country Club Trust Na invested in 125,433 shares or 0.92% of the stock. Pnc Finance Ser accumulated 33,164 shares. Focused Wealth Mngmt Inc invested 0.06% in Kohl's Corporation (NYSE:KSS). Winslow Evans & Crocker accumulated 1,114 shares. Moore L P owns 300,000 shares. James Investment Rech holds 213,632 shares. Cornerstone Advisors accumulated 40 shares or 0% of the stock. Icm Asset Management Wa stated it has 21,100 shares. 2,252 were accumulated by Rampart Inv Management Limited Liability Company. Moreover, Dynamic Advsr Solutions Limited Co has 0.73% invested in Kohl's Corporation (NYSE:KSS). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 192,751 shares or 0.09% of all its holdings.

Since March 6, 2018, it had 0 insider buys, and 8 insider sales for $20.58 million activity. 5,121 shares valued at $334,350 were sold by SCHEPP RICHARD D on Friday, March 30. Another trade for 7,500 shares valued at $496,350 was sold by BONEPARTH PETER. MANSELL KEVIN also sold $4.42M worth of Kohl's Corporation (NYSE:KSS) shares.

The chart of Kohl's Corporation (KSS) shows a double top with $61.92 target or 3.00 % above today’s $60.12 share price. The 7 months chart pattern indicates low risk for the $10.11 billion company. It was reported on Apr, 20 by Finviz.com. If the $61.92 price target is reached, the company will be worth $303.42 million more. Double tops are rare but powerful chart patterns.

The stock decreased 1.75% or $1.07 during the last trading session, reaching $60.12. About 4.79 million shares traded or 25.43% up from the average. Kohl's Corporation (NYSE:KSS) has risen 67.20% since April 20, 2017 and is uptrending. It has outperformed by 55.65% the S&P500.

Analysts await Kohl's Corporation (NYSE:KSS) to report earnings on May, 10. They expect $0.49 EPS, up 25.64 % or $0.10 from last year’s $0.39 per share. KSS’s profit will be $82.43 million for 30.67 P/E if the $0.49 EPS becomes a reality. After $1.87 actual EPS reported by Kohl's Corporation for the previous quarter, Wall Street now forecasts -73.80 % negative EPS growth.

Kohl's Corporation (NYSE:KSS) Ratings Coverage

Among 17 analysts covering Kohl’s Corp (NYSE:KSS), 10 have Buy rating, 1 Sell and 6 Hold. Therefore 59% are positive. Kohl’s Corp had 37 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Kohl's Corporation (NYSE:KSS) has “Buy” rating given on Thursday, December 14 by Guggenheim. Guggenheim maintained Kohl's Corporation (NYSE:KSS) on Wednesday, January 31 with “Buy” rating. Gordon Haskett Capital Corporation upgraded the stock to “Buy” rating in Thursday, November 9 report. Robert W. Baird maintained the shares of KSS in report on Monday, October 30 with “Hold” rating. Guggenheim maintained Kohl's Corporation (NYSE:KSS) rating on Tuesday, January 9. Guggenheim has “Buy” rating and $60.0 target. The stock has “Outperform” rating by Robert W. Baird on Friday, November 10. On Friday, January 12 the stock rating was upgraded by JP Morgan to “Overweight”. Robert W. Baird maintained the stock with “Buy” rating in Thursday, December 21 report. On Thursday, October 26 the stock rating was maintained by Jefferies with “Buy”. On Friday, March 2 the stock rating was maintained by BMO Capital Markets with “Hold”.

Kohl's Corporation (NYSE:KSS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: