Bullish Chart Formation for Kohl's Corporation (KSS) After Forming Bullish Double Top Chart Pattern

April 20, 2018 - By Ellis Scott

Kohl's Corporation (NYSE:KSS) Logo

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.12, from 0.94 in 2017Q3. It improved, 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.
Moreover, Riverhead Cap Mngmt Limited Liability Com has 0.16% invested in Kohl's Corporation (NYSE:KSS) for 69,013 shares. Bankshares Of Mellon reported 5.65 million shares. Atria Investments Limited Liability Co holds 55,286 shares or 0.15% of its portfolio. Hills Savings Bank Trust Communications stated it has 42,628 shares. Amica Mutual Ins invested in 0.03% or 5,259 shares. Vanguard Grp Inc holds 0.04% or 17.35 million shares in its portfolio. Earnest Ltd Liability Corporation holds 0% or 86 shares in its portfolio. Profund Advsrs Ltd Liability Company stated it has 5,703 shares. Huntington Retail Bank has invested 0.01% in Kohl's Corporation (NYSE:KSS). Dubuque National Bank & Trust & Tru Com invested in 0% or 60 shares. Acropolis Investment Management Llc holds 2,915 shares. Daiwa Secs Grp Inc holds 0% of its portfolio in Kohl's Corporation (NYSE:KSS) for 4,869 shares. Ledyard Bankshares holds 1,665 shares or 0.01% of its portfolio. The Massachusetts-based Moors & Cabot has invested 0.03% in Kohl's Corporation (NYSE:KSS). Cadence Mngmt Ltd Liability Corporation accumulated 23,537 shares or 0.08% of the stock.

Since March 6, 2018, it had 0 insider buys, and 8 selling transactions for $20.58 million activity. 42,840 shares valued at $2.81M were sold by SCHEPP RICHARD D on Wednesday, March 28. BONEPARTH PETER sold 7,500 shares worth $496,350. WATSON STEPHEN E sold $272,956 worth of stock or 4,173 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 4.79M 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 earnings per share, 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 earnings per share 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 rating was maintained by Robert W. Baird on Tuesday, January 16 with “Buy”. The rating was maintained by Guggenheim on Thursday, December 14 with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Monday, April 9. BMO Capital Markets maintained it with “Hold” rating and $69.0 target in Friday, March 2 report. Morgan Stanley maintained it with “Underweight” rating and $41 target in Friday, March 2 report. The stock of Kohl's Corporation (NYSE:KSS) has “Outperform” rating given on Friday, November 10 by Robert W. Baird. The firm has “Buy” rating by Robert W. Baird given on Thursday, December 21. The company was maintained on Monday, October 30 by Robert W. Baird. The firm has “Hold” rating by Cowen & Co given on Thursday, March 1. As per Friday, January 12, the company rating was upgraded by JP Morgan.

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

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