Kohl's Corporation (NYSE:KSS) Stock Technicals Hit Extreme Weakness


Kohl's Corporation (NYSE:KSS) Stock Technicals Hit Extreme Weakness

While the actual EPS the company reported in the same quarter previous year was 1.58/share. Zacks Investment Research upgraded shares of Kohl's Corp. from a sell rating to a hold rating in a report on Friday.

But making Kohl's Corp.an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of KSS entered into oversold territory, changing hands as low as $42.02 per share.

Moving toward the volatility measures, the price volatility of stock was 2.44% for a week and 3.33% for a month as well as price volatility's Average True Range for 14 days was 1.68. Analyst's mean target price for the firm is $10.00 while analysts mean recommendation is 2.70. Oppenheimer & Co. Inc. now owns 6,483 shares of the company's stock worth $246,000 after buying an additional 40 shares during the period.

S&P Capital IQ Levy has slashed his price target on Macy's shares by $6 a share from $44 to $38. Finally, PGGM Investments raised its stake in shares of Kohl's Corporation by 29.8% in the second quarter. The company has a market capitalization of $7.41 billion, a PE ratio of 12.7706 and a beta of 1.08.

On last trading day, Kohl's Corporation (NYSE:KSS) traded 6.29 Million shares and was closed at $51.88 per share. The stock remained 2.44% volatile for the week and 3.33% for the month. The ex-dividend date is Monday, December 5th. Kohl's Corporation's -20.22% drop today has a material impact on its technical outlook.

WARNING: This report was published by Community Financial News and is the propert of of Community Financial News. Indeed, KSS's recent annualized dividend of 2.00/share (currently paid in quarterly installments) works out to an annual yield of 3.86% based upon the recent $51.88 share price.

Nordstrom, Inc. (NYSE: JWN) also hasn't released holiday sales numbers, but the company did recently announce the departure of its chief technology officer less than a year after he joined the company.

Furthermore, out of a total of 22 Wall Street analysts covering the stock, six rated it as a Buy, one assigned an Overweight rating, one tagged it as Underweight, 11 recommended a Hold, and three advocate a Sell. The stock was sold at an average price of $55.45, for a total value of $3,969,221.90. Institutional investors own 97.23% of the company's stock. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and global copyright and trademark legislation. Also, CFO Wesley S. Mcdonald sold 27,376 shares of the company's stock in a transaction on Friday, November 11th. The company's revenue was down 2.3% on a year-over-year basis. The disclosure for this sale can be found here.

This year, the company showed a disappointed -1.7 percent of growth.

Kohl's Corporation (Kohl's) is a specialty department store. The Company operates over 1,160 department stores in approximately 50 states. In line with Q3, the strongest categories were men's, home, and footwear while accessories was most challenging.

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