The stock of Kohl’s Corporation (NYSE:KSS) is now priced at $20.09 and the shares are -0.19 points down or -0.94% lower compared to its previous closing price of $20.28. The stock had 7.294 million contracts set over the past session. KSS shares’ daily volume is compared to its average trading volume at 11 million shares. However, it has a float of 156 million and although its performance was -9.18% over the week, it’s one to watch. Analysts have given the KSS stock a yearly average price target of $20.88 per share. It means the stock’s upside potential is 3.93% with the KSS share price recently placing at $19.7 to $20.745. However, some brokerage firms have priced the stock below the average, including one that has called $14.
The shorts are running away from the Kohl’s Corporation stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the KSS shares have declined. Short interest in the stock represents just 14.82% of its float, but the volume has dropped by 0.
In the last trading session, Kohl’s Corporation (NYSE:KSS) dropped by -$1.37 over the week and lost -$0.68 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $59.28. The stock recorded its established 52-week high on 11/15/19.
Since 04/03/20, the stock has traded to a low of $10.89 at 84.48%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.77. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Kohl’s Corporation’s two-week RSI is 46.23. This suggests that the stock is neutral at the moment and that KSS shares’ price movement remains stable. The stochastic readings are equally revealing at 15.5% meaning the KSS share price is currently in overbought territory.
The technical chart shows that the KSS stock will likely settle at between $20.65 and $21.22 per share. However, if the stock dips below $19.71, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $19.34.
Currently, the stock is trading in the red of MACD, with a reading of -1.07. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at UBS cut their recommendation for KSS from Neutral to Sell in July 22 review while maintai their target price of $17.50 to $14. BofA Securities analysts upgraded their recommendation of the stock from Neutral to Buy while keeping its target price at $20 to $27 in a flash note released to investors on July 08. Telsey Advisory Group analysts see the stock as Market Perform. Nonetheless, the analysts revised the share prices down on May 20, placing it at $20 from $25.
The average rating for the KSS equity is 3 and is currently gathering a bullish momentum. Of 19 analysts tracking Kohl’s Corporation polled by Reuters, 12 rated KSS as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 4 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the KSS stock price is 12.79X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Kohl’s Corporation (NYSE:KSS) will increase by about 24.38%, which will see them reach $3020 million. The company’s full-year revenues are, however, expected to diminish by about -18.21%, down from $18890 million to $15450 million. KSS’s expected adjusted earnings should drop almost -163.23% to end up at -$0.98 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -171.19% to record -$3.46/share.