Ultime notizie per Kohl's (NYSE:KSS) Azioni

Kohl's

Kohl's operates about 1,176 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 26% of its 2023 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.

Kohl's Corp

Kingfish Holding Corp

KESSELRUN RESOURCES LTD by Kesselrun Resources Ltd.

Kesselrun Resources Ltd

Investors with a lot of money to spend have taken a bullish stance on Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KSS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Kohl's.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 23%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $142,887, and 14 are calls, for a total amount of $535,485.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $35.0 for Kohl's during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Kohl's's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Kohl's's whale trades within a strike price range from $12.5 to $35.0 in the last 30 days. 
<h3>Kohl's Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727898375_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$6.05</td>
<td>$5.9</td>
<td>$5.97</td>
<td>$15.00</td>
<td>$61.4K</td>
<td>194</td>
<td style="text-align: right;">185</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.55</td>
<td>$1.52</td>
<td>$1.53</td>
<td>$21.00</td>
<td>$61.2K</td>
<td>2.4K</td>
<td style="text-align: right;">870</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$1.34</td>
<td>$1.33</td>
<td>$1.34</td>
<td>$22.50</td>
<td>$49.3K</td>
<td>2.0K</td>
<td style="text-align: right;">24</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$6.05</td>
<td>$5.95</td>
<td>$5.98</td>
<td>$15.00</td>
<td>$49.0K</td>
<td>194</td>
<td style="text-align: right;">185</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$0.65</td>
<td>$0.64</td>
<td>$0.64</td>
<td>$21.00</td>
<td>$48.3K</td>
<td>8.5K</td>
<td style="text-align: right;">886</td>
</tr>
</tbody>
</table>

<h3>About Kohl's</h3>
Kohl's operates about 1,176 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 26% of its 2023 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.
In light of the recent options history for Kohl's, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Kohl's</h3>
<ul>
<li>With a volume of 3,631,968, the price of KSS is down -5.14% at $19.64. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 48 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Kohl's, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Behind the Scenes of Kohl's's Latest Options Trends

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3 class="wp-block-heading">Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)</h3>
<ul>
<li>Dividend Yield: 9.66%</li>
<li>JP Morgan analyst Matthew Boss downgraded rating on the stock from Neutral to Underweight with a price target of $19 on Aug. 29. This analyst has an accuracy rate of 68%.</li>
<li>Evercore ISI Group analyst Michael Binetti maintained an In-Line rating and slashed the price target from $22 to $20 on Aug. 29. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Aug. 28, Kohl's posted better-than-expected second-quarter financial results.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1">latest KSS news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083526/image-4.png" alt="" class="wp-image-576408" style="width:692px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083526/image-4.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083526/image-4-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083526/image-4-768x719.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>)</h3>
<ul>
<li>Dividend Yield: 6.09%</li>
<li>Small Cap Consumer Research analyst Eric Beder reiterated a Buy rating with a price target of $29 on Oct. 1. This analyst has an accuracy rate of 64%.</li>
<li>Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating and cut the price target from $26 to $21 on Aug. 29. This analyst has an accuracy rate of 61%</li>
<li>Recent News: On Aug. 28, Guess? reported worse-than-expected second-quarter adjusted EPS results and cut its FY25 adjusted EPS guidance below estimates.</li>
<li>Benzinga Pro's real-time newsfeed a<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1">lerted to latest GES news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083551/image-5.png" alt="" class="wp-image-576410" style="width:699px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083551/image-5.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083551/image-5-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083551/image-5-768x717.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">The Wendy&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>)</h3>
<ul>
<li>Dividend Yield: 5.66%</li>
<li>JP Morgan analyst John Ivankoe maintained a Neutral rating and raised the price target from $20 to $22 on Sept. 16. This analyst has an accuracy rate of 75%.</li>
<li>TD Cowen analyst Andrew Charles reiterated a Hold rating with a price target of $17 on Sept. 9. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On Sept. 16, The Wendy&#8217;s Company announced executive leadership appointments.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1">trend in WEN stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083643/image-2-3.png" alt="" class="wp-image-576411" style="width:641px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083643/image-2-3.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083643/image-2-3-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02083643/image-2-3-768x708.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
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<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Long Ideas

News

Dividends

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

Kohl's Option Alert: Oct 4 $22.5 Calls Sweep (49) Near The Ask: 2761 @ $0.13 Vs 150 OI; Earnings 11/19 Before Open [est] Ref=$20.77

Financial giants have made a conspicuous bullish move on Kohl's. Our analysis of options history for Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) revealed 12 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $536,471, and 5 were calls, valued at $300,562.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $22.0 for Kohl's during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Kohl's stands at 1086.33, with a total volume reaching 9,469.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Kohl's, situated within the strike price corridor from $12.5 to $22.0, throughout the last 30 days.
<h3>Kohl's 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727279122_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.31</td>
<td>$2.27</td>
<td>$2.31</td>
<td>$22.00</td>
<td>$162.6K</td>
<td>1.2K</td>
<td>2.1K</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.38</td>
<td>$2.26</td>
<td>$2.26</td>
<td>$22.00</td>
<td>$129.9K</td>
<td>1.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$8.75</td>
<td>$8.5</td>
<td>$8.75</td>
<td>$12.50</td>
<td>$120.7K</td>
<td>13</td>
<td>138</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.3</td>
<td>$2.29</td>
<td>$2.29</td>
<td>$22.00</td>
<td>$93.0K</td>
<td>1.2K</td>
<td>0</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$8.75</td>
<td>$8.5</td>
<td>$8.75</td>
<td>$12.50</td>
<td>$81.3K</td>
<td>13</td>
<td>344</td>
</tr>
</tbody>
</table>

<h3>About Kohl's</h3>
Kohl's operates about 1,176 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 26% of its 2023 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.
Having examined the options trading patterns of Kohl's, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Kohl's</h3>
<ul>
<li>With a volume of 2,143,963, the price of KSS is up 0.76% at $19.91. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 55 days.</li>
</ul>
<h3>Professional Analyst Ratings for Kohl's</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $21.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Kohl's, which currently sits at a price target of $20. 
&#x2A; Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Kohl's with a target price of $25. 
&#x2A; In a cautious move, an analyst from TD Cowen downgraded its rating to Hold, setting a price target of $21. 
&#x2A; In a cautious move, an analyst from JP Morgan downgraded its rating to Underweight, setting a price target of $19. 
&#x2A; Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on Kohl's with a target price of $23. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Kohl's, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Kohl's Unusual Options Activity For September 25

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3 class="wp-block-heading">Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)</h3>
<ul>
<li>Dividend Yield: 10.14%</li>
<li>JP Morgan analyst Matthew Boss downgraded the stock from Neutral to Underweight with a price target of $19 on Aug. 29. This analyst has an accuracy rate of 67%.</li>
<li>Evercore ISI Group analyst Michael Binetti maintained an In-Line rating and decreased the price target from $22 to $20 on Aug. 29. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Aug. 28, Kohl&#8217;s posted better-than-expected second-quarter financial results.</li>
<li>Benzinga Pro's real-time newsfeed alerted <a href="https://pro.benzinga.com/dashboard">to latest KSS news</a></li>
</ul>
<h3 class="wp-block-heading">Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>)</h3>
Dividend Yield: 7.10%
<ul>
<li>B of A Securities analyst Rafe Jadrosich reinstated an Underperform rating with a price target of $88 on July 30. This analyst has an accuracy rate of 73%</li>
<li>RBC Capital analyst Mike Dahl maintained an Underperform rating and cut the price target from $79 to $76 on July 26. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Aug. 19, Whirlpool declared a quarterly dividend of $1.75 per share on the Company&#8217;s common stock.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://pro.benzinga.com/dashboard"> trend in WHR stock.</a></li>
</ul>
<h3 class="wp-block-heading">Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>)</h3>
<ul>
<li>Dividend Yield: 5.73%</li>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $22 to $20 on Aug. 19. This analyst has an accuracy rate of 73%.</li>
<li>Deutsche Bank analyst Lauren Silberman maintained a Hold rating and slashed the price target from $26 to $19 on Aug. 7. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Aug. 26, Bloomin&#8217; Brands named Michael L. Spanos as Chief Executive Officer.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential b<a href="https://pro.benzinga.com/dashboard">reakout in BLMN shares.</a></li>
</ul>

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Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 5% Dividend Yield

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$230.00</td>
<td>$27.3K</td>
<td>26.5K</td>
<td>167.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$26.6K</td>
<td>22.9K</td>
<td>17.5K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$45.00</td>
<td>$49.4K</td>
<td>29.4K</td>
<td>3.4K</td>
</tr>
<tr>
<td>PLCE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$11.00</td>
<td>$37.0K</td>
<td>2.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$43.00</td>
<td>$327.7K</td>
<td>158</td>
<td>801</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$20.00</td>
<td>$71.5K</td>
<td>13.8K</td>
<td>559</td>
</tr>
<tr>
<td>AEO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$19.00</td>
<td>$34.6K</td>
<td>2.4K</td>
<td>514</td>
</tr>
<tr>
<td>AMRK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$48.6K</td>
<td>117</td>
<td>354</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$90.00</td>
<td>$31.1K</td>
<td>6.3K</td>
<td>299</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$250.00</td>
<td>$40.8K</td>
<td>2.6K</td>
<td>228</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 13, 2024. Parties traded 100 contract(s) at a $230.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $274.0 per contract. There were 26569 open contracts at this strike prior to today, and today 167964 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 36 day(s) on October 18, 2024. Parties traded 19 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $1400.0 per contract. There were 22969 open contracts at this strike prior to today, and today 17531 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on September 20, 2024. This event was a transfer of 1409 contract(s) at a $45.00 strike. This particular put needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $35.0 per contract. There were 29449 open contracts at this strike prior to today, and today 3419 contract(s) were bought and sold. 
• For PLCE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on September 20, 2024. This event was a transfer of 185 contract(s) at a $11.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $200.0 per contract. There were 2131 open contracts at this strike prior to today, and today 1034 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bullish sentiment. It expires in 827 day(s) on December 18, 2026. Parties traded 373 contract(s) at a $43.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $327.7K, with a price of $880.0 per contract. There were 158 open contracts at this strike prior to today, and today 801 contract(s) were bought and sold. 
• For KSS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), we notice a put option sweep that happens to be bearish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $20.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $71.5K, with a price of $143.0 per contract. There were 13802 open contracts at this strike prior to today, and today 559 contract(s) were bought and sold. 
• For AEO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 318 contract(s) at a $19.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $109.0 per contract. There were 2418 open contracts at this strike prior to today, and today 514 contract(s) were bought and sold. 
• For AMRK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>), we notice a put option sweep that happens to be bearish, expiring in 99 day(s) on December 20, 2024. This event was a transfer of 157 contract(s) at a $45.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $310.0 per contract. There were 117 open contracts at this strike prior to today, and today 354 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option sweep that happens to be bullish, expiring in 127 day(s) on January 17, 2025. This event was a transfer of 105 contract(s) at a $90.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $297.0 per contract. There were 6394 open contracts at this strike prior to today, and today 299 contract(s) were bought and sold. 
• For LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 51 contract(s) at a $250.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $800.0 per contract. There were 2686 open contracts at this strike prior to today, and today 228 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMRK

AMZN

PLCE

SBUX

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Investors with a lot of money to spend have taken a bearish stance on Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KSS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Kohl's.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $343,588, and 3 are calls, for a total amount of $212,150.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $19.5 to $25.0 for Kohl's during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Kohl's stands at 2503.67, with a total volume reaching 10,461.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Kohl's, situated within the strike price corridor from $19.5 to $25.0, throughout the last 30 days.
<h3>Kohl's Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725652104_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$1.08</td>
<td>$0.84</td>
<td>$1.03</td>
<td>$20.00</td>
<td>$103.0K</td>
<td>400</td>
<td>1.1K</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.1</td>
<td>$1.08</td>
<td>$1.08</td>
<td>$20.00</td>
<td>$85.8K</td>
<td>5.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.69</td>
<td>$0.52</td>
<td>$0.69</td>
<td>$20.00</td>
<td>$84.1K</td>
<td>5.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.7</td>
<td>$0.69</td>
<td>$0.69</td>
<td>$25.00</td>
<td>$82.9K</td>
<td>3.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$0.75</td>
<td>$0.64</td>
<td>$0.75</td>
<td>$19.50</td>
<td>$64.3K</td>
<td>318</td>
<td>902</td>
</tr>
</tbody>
</table>

<h3>About Kohl's</h3>
Kohl's operates about 1,174 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 26% of its 2023 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.
Having examined the options trading patterns of Kohl's, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Kohl's</h3>
<ul>
<li>Trading volume stands at 4,802,971, with KSS's price down by -3.12%, positioned at $19.85.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 74 days.</li>
</ul>
<h3>Professional Analyst Ratings for Kohl's</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $22.0.
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Kohl's, targeting a price of $20. </li>
<li>An analyst from Telsey Advisory Group persists with their Market Perform rating on Kohl's, maintaining a target price of $23. </li>
<li>An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Kohl's, which currently sits at a price target of $23. </li>
<li>An analyst from JP Morgan has revised its rating downward to Underweight, adjusting the price target to $19. </li>
<li>Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Kohl's with a target price of $25. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Kohl's with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Market Whales and Their Recent Bets on KSS Options

Editor&#8217;s note: This story has been corrected to reflect that analyst Koji Ikeda covers Elastic N.V. for Bank of America Securities.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58e64305b85e9300014c97f9/wamsi-mohan">B of A Securities analyst Koji Ikeda</a> downgraded the rating for Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) from Buy to Neutral and lowered the price target from $140 to $94. Elastic shares gained 0.6% to close at $103.64 on Thursday. <a href="https://www.benzinga.com/quote/estc/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Gordon Haskett analyst Chuck Grom downgraded Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) from Buy to Hold and announces $90 price target. Dollar General shares fell 32.2% to close at $84.03 on Thursday. <a href="https://www.benzinga.com/quote/dg/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59c264af6e84a70001eb1bb9/oliver-chen">TD Cowen analyst Oliver Chen</a> downgraded the rating for Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) from Buy to Hold and lowered the price target from $25 to $21. Kohl&#8217;s shares rose 0.6% to close at $19.77 on Thursday. <a href="https://www.benzinga.com/quote/kss/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel analyst Selman Akyol downgraded the rating for EnLink Midstream, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) from Buy to Hold and maintained the price target of $15. EnLink Midstream shares gained 9.4% to settle at $14.40 on Thursday. <a href="https://www.benzinga.com/quote/enlc/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/620ce684a9d04f0001c832d4/leo-you">CLSA analyst Leo You</a> downgraded Baozun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) from Outperform to Hold and cut the price target from $2.8 to $2.2. Baozun shares gained 4.5% to close at $2.32 on Thursday. <a href="https://www.benzinga.com/quote/bzun/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying DG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="523" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30085157/image-317-1024x523.png" alt="" class="wp-image-523090" style="width:605px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30085157/image-317-1024x523.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30085157/image-317-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30085157/image-317-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30085157/image-317.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Downgrades

BZUN

ENLC

ESTC

This Dollar General Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday (CORRECTED)

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Mizuho raised the price target for Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) from $230 to $260. Mizuho analyst Matthew Broome maintained a Neutral rating. Autodesk shares gained 1.4% to close at $258.23 on Thursday. <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) from $320 to $340. Morgan Stanley analyst Sanjit Singh maintained an Overweight rating. MongoDB shares gained 4.4% to close at $245.72 on Thursday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) price target from $18 to $21. B of A Securities analyst Alice Xiao maintained an Underperform rating. Victoria&#8217;s Secret shares fell 3.7% to close at $23.96 on Thursday. <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC boosted the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $302 to $339. HSBC analyst Stephen Bersey upgraded the stock from Hold to Buy. CrowdStrike shares gained 2.8% to close at $271.67 on Thursday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen cut Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) price target from $25 to $21. TD Cowen analyst Oliver Chen downgraded the stock from Buy to Hold. Kohl&#8217;s shares gained 0.6% to close at $19.77 on Thursday. <a href="https://www.benzinga.com/quote/KSS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) price target from $239 to $257. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Autodesk shares gained 1.4% to close at $258.23 on Thursday. <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed the price target for Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) from $135 to $95. Baird analyst Shrenik Kothari downgraded the stock from Outperform to Neutral. Elastic shares rose 0.6% to close at $103.64 on Thursday. <a href="https://www.benzinga.com/quote/ESTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) price target from $170 to $100. Morgan Stanley analyst Simeon Gutman downgraded the stock from Overweight to Equal-Weight. Dollar General shares fell 32.2% to close at $84.03 on Thursday. <a href="https://www.benzinga.com/quote/DG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham slashed Stratasys Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) price target from $12 to $10. Needham analyst James Ricchiuti maintained a Buy rating. Stratasys shares fell 9.9% to close at $6.92 on Thursday. <a href="https://www.benzinga.com/quote/SSYS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) price target from $100 to $110. Loop Capital analyst Anthony Chukumba maintained a Buy rating. Best Buy shares gained 14.1% to close at $100.18 on Thursday. <a href="https://www.benzinga.com/quote/BBY/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CRWD stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="553" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-1024x553.png" alt="" class="wp-image-522976" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-1024x553.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316-768x415.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30081045/image-316.png 1338w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

ADSK

CRWD

SSYS

VSCO

CrowdStrike To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday

TD Cowen analyst Oliver Chen downgrades Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) from Buy to Hold and lowers the price target from $25 to $21.

TD Cowen Downgrades Kohl's to Hold, Lowers Price Target to $21

Kohls Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)  reported earnings Wednesday before the bell, <a href="https://www.benzinga.com/news/earnings/24/08/40599429/kohls-q2-earnings-profit-beat-inventory-decline-margin-growth-and-more">beating estimates for EPS but missing revenue estimates by $120 million</a>. 
Executives at the company said that consumers were exhibiting more &#8220;discretion,&#8221; specifically middle-class customers who have gotten pickier with their spending, according to an analyst note from Matthew Boss at JPMorgan. The company reported an EPS for the quarter of 59 cents, 15 cents higher than the estimates of 34 cents. Revenue came in at $3.53 billion, $120 million less than expectations. 
The JPMorgan note stated that the core apparel and footwear business of Kohl&#8217;s is &#8220;eroding,&#8221; but the Sephora segment saw strong growth. The analysts at JPMorgan downgraded the stock from Neutral to Underweight, with a price target of $19 a share. Read Also: <a href="https://www.benzinga.com/news/earnings/24/08/40599429/kohls-q2-earnings-profit-beat-inventory-decline-margin-growth-and-more">Kohl&#8217;s Q2 Earnings: Profit Beat, Inventory Decline, Margin Growth And More </a><a href="https://www.benzinga.com/news/earnings/24/08/40599429/kohls-q2-earnings-profit-beat-inventory-decline-margin-growth-and-more"> </a>Kohl's management acknowledged the soft sales in its core apparel business, blaming the weak spending on inflation and interest rates. The management also cited the uncertainty of the upcoming presidential election as a potential factor causing customers to be more careful with spending. 
"We are seeing the clearest evidence of this in the performance of our core apparel and footwear offering, which experienced broad softness in the quarter," management said on the call. JPMorgan's note highlighted different &#8220;traffic initiatives&#8221; such as Babies ‘R Us, the company's baby apparel brand. Babies ‘R Us and Sephora were two of the growth drivers during the quarter while footwear and apparel sales lagged behind. KSS Price Action: Kohl&#8217;s shares traded higher initially following the company's EPS beat, but the stock sold off Wednesday midday and ended closing down around 5%. On Thursday, shares rebounded slightly, up only 0.66% closing at $19.77. Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40638741/dell-q2-earnings-revenue-beat-eps-beat-accelerating-ai-momentum-and-more"> • Dell Q2 Earnings: Revenue Beat, EPS Beat, Accelerating AI Momentum And More</a>
Photo: Sundry Photos via Shutterstock

Analyst Color

Kohl's Warns Of Cautious Middle-Class Consumer, But Highlights Strengths In 2 Segments

JP Morgan analyst Matthew Boss downgrades Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) from Neutral to Underweight and announces $19 price target.

JP Morgan Downgrades Kohl's to Underweight, Announces $19 Price Target

Evercore ISI Group analyst Michael Binetti maintains Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) with a In-Line and lowers the price target from $22 to $20.

Evercore ISI Group Maintains In-Line on Kohl's, Lowers Price Target to $20

Baird analyst Mark Altschwager maintains Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) with a Outperform and lowers the price target from $27 to $25.

Baird Maintains Outperform on Kohl's, Lowers Price Target to $25

Kohl&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kss#NYSE">KSS</a>) posted mixed second-quarter fiscal 2024 results, with the bottom line increasing year over year and surpassing the Zacks Consensus Estimate. However, the top line declined and missed the consensus mark.
During the quarter, KSS faced pressure from a challenging consumer environment and a decline in its core business. Customers became more selective with their spending, leading to lower sales despite an increase in transaction frequency. This overshadowed robust performance in key growth areas, including Sephora, home decor, gifting and impulse purchases.
Despite the challenges, Kohl&#39;s saw an improved gross margin along with better inventory and expense management. The company remains optimistic about its growth efforts, including an upcoming partnership with Babies &quot;R&quot; Us. It revised its sales outlook downward while raising its earnings guidance for the fiscal 2024.
<div class="chart_embed">
<h3>Kohl&#39;s Corporation Price, Consensus and EPS Surprise</h3>
<img alt="Kohl's Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f8/1724853537.png" style="height:268px; width:577px" title="" />
Kohl&#39;s Corporation price-consensus-eps-surprise-chart | Kohl&#39;s Corporation Quote
</div>
<h2>Kohl&#39;s Quarterly Results Overview: Key Financial Metrics</h2>
Kohl&#39;s posted earnings of 59 cents per share compared with earnings of 52 cents posted in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 46 cents. The upside can be attributed to gross margin expansion and robust inventory and expense management.
Total revenues came in at $3,732 million, down from the prior-year quarter&#39;s level of $3,895 million. Net sales fell 4.2% year over year to $3,525 million. The Zacks Consensus Estimate for the top line was pegged at $3,802.2 million. Comparable sales declined 5.1% year over year.
Kohl&#39;s gross margin expanded 59 basis points (bps) to 39.6% in the reported quarter. SG&amp;A expenses dropped 4.2% to $1,250 million. As a percentage of total revenues, SG&amp;A inched down 1 basis points (bps) to 33.5%.
KSS posted an operating income of $166 million, up from $163 million in the year-ago period. The operating income margin expanded by 26 bps to 4.4%.
<h2>KSS&#39;s Financial Health Snapshot</h2>
The Zacks Rank #3 (Hold) company ended the quarter with cash and cash equivalents of $231 million and shareholders&#39; equity of $3,830 million. The company provided an operating cash flow of $247 million for six months ended Aug. 3, 2024.
Management expects capital expenditures of nearly $500 million for 2024 (including the expansion of its Sephora collaboration and store-related investments).
On Aug. 13, 2024, Kohl&#39;s declared a quarterly cash dividend of 50 cents per share, payable on Sep. 25, to shareholders of record as of Sep. 11.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/91/75755.jpg?v=625186036" />
Image Source: Zacks Investment Research
<h2>What to Expect From KSS in the Fiscal 2024?</h2>
For the fiscal 2024, Kohl&#39;s forecasts a net sales decline of 4-6%, a revision from the previous expectation of a 2-4% decline. Comparable sales are projected to move down 3-5% compared with the earlier forecast of a 1-3% decline. The operating margin is expected to range from 3.4% to 3.8% compared with the prior estimate of 3-3.5%. Management anticipates earnings per share to be between $1.75 and $2.25, revising the earlier forecast of $1.25 to $1.85.
Shares of the company have declined 28.1% in the past three months compared with the industry&#39;s decline of 22%.
<h2>3 Solid Retail Bets</h2>
Sprouts Farmers, which is engaged in the retailing of fresh, natural and organic food products, currently sports a Zacks Rank #1 (Strong Buy). SFM has a trailing four-quarter earnings surprise of 12%, on average.
The Zacks Consensus Estimate for Sprouts Farmers&#39; current financial-year sales and earnings implies growth of around 9.6% and 18.7%, respectively, from the year-ago reported numbers.
Boot Barn Holdings, Inc.&nbsp;currently sports a Zacks Rank #1. BOOT has a trailing four-quarter earnings surprise of 7.1%, on average.
The Zacks Consensus Estimate for Boot Barn&#39;s current financial-year sales and earnings suggests growth of 10.7% and 8.9%, respectively, from the year-ago levels.
PriceSmart, Inc., which owns and operates U.S.-style membership shopping warehouse clubs, currently carries a Zacks Rank #2 (Buy). PSMT delivered an earnings surprise of 10.2% in the last reported quarter.
The Zacks Consensus Estimate for PriceSmart&#39;s current financial-year sales and earnings suggests growth of 11.3% and 14.3%, respectively, from the year-ago reported numbers.
<a href="https://www.zacks.com/stock/news/2328359/kohl-s-q2-earnings-top-sales-decline-amid-consumer-challenges?cid=CS-BENZ-FT-analyst_blog|earnings_article-2328359">To read this article on Zacks.com click here.</a>

Earnings

Mid Cap

Guidance

Management

Kohl's Q2 Earnings Top, Sales Decline Amid Consumer Challenges

Telsey Advisory Group analyst Dana Telsey maintains Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) with a Market Perform and maintains $23 price target.

Telsey Advisory Group Maintains Market Perform on Kohl's, Maintains $23 Price Target

U.S. stocks were mixed, with the Dow Jones index gaining around 50 points on Wednesday.
Shares of Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) rose during Wednesday's session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40599429/kohls-q2-earnings-profit-beat-inventory-decline-margin-growth-and-more">second-quarter financial results.</a>
The company reported a net sales decline of 4.2% Y/Y to $3.525 billion, with comparable sales for the quarter decreasing 5.1% Y/Y. Total revenue stood at $3.732 billion. The analyst consensus estimate was $3.583 billion. EPS was 59 cents, beating the analyst consensus estimate of 44 cents.
Kohl&#8217;s shares climbed 5.6% to $20.71 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Waldencast plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) jumped 41.5% to $4.0920 after the company reported second-quarter revenue growth.</li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) gained 17.6% to $209.40 after multiple analysts upgraded the stock and raised their price targets.</li>
<li>VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) gained 17.1% to $2.34 following second-quarter results.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) rose 12.3% to $5.45.</li>
<li>Bioceres Crop Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) climbed 12.1% to $11.32. Bioceres Crop Solutions received green light for cultivation of Drought Tolerant HB4 Wheat in the United States.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) surged 11.3% to $58.82 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) gained 10.1% to $31.73 after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.</li>
<li>MannKind Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNKD#NASDAQ">MNKD</a>) jumped 10.2% to $5.93. Oppenheimer analyst Steven Lichtman maintained MannKind with an Outperform and raised the price target from $10 to $12.</li>
<li>Westrock Coffee Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) gained 9.9% to $9.35. Westrock Coffee Company commenced warrant exchange offer and consent solicitation.</li>
<li>The Hain Celestial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) gained 10.2% to $8.93. Hain Celestial Group, on Tuesday, reported better-than-expected quarterly adjusted EPS results</li>
<li>AvePoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVPT#NASDAQ">AVPT</a>) jumped 8.5% to $11.69 after the company announced it commenced an offer to purchase all outstanding public warrants to purchase shares of its common stock at $2.50 per share without interest.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) gained 8.2% to $28.04 following quarterly results.</li>
<li>Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) gained 4.4% to $75.49. B of A Securities analyst Ruplu Bhattacharya upgraded Concentrix from Underperform to Neutral and raised the price target from $65 to $85.</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) rose 3.3% to $49.68.</li>
</ul>
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Kohl's Posts Upbeat Q2 Earnings, Joins Box, Waldencast, AeroVironment And Other Big Stocks Moving Higher On Wednesday

Kohl&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) shares are trading higher after the company reported<a href="https://www.benzinga.com/pressreleases/24/08/b40596806/kohls-reports-second-quarter-fiscal-2024-financial-results" target="_blank" rel="noreferrer noopener"> second-quarter earnings</a>.
The company reported a net sales decline of 4.2% Y/Y to $3.525 billion, with comparable sales for the quarter decreasing 5.1% Y/Y. Total revenue stood at $3.732 billion. The analyst consensus estimate was $3.583 billion.
Read: <a target="_blank" href="https://www.benzinga.com//node/40584086" rel="noreferrer noopener">Kohl&#8217;s&nbsp;Q2&nbsp;Earnings To Likely Miss Last Year&#8217;s Results, Says Analyst</a>
Gross margin for the quarter expanded by 59 basis points to&nbsp;39.6%. Operating income for the quarter was&nbsp;$166 million&nbsp;versus&nbsp;$163 million&nbsp;last year. The operating margin expanded 26 basis points Y/Y to&nbsp;4.4%.
Selling, general and administrative expenses decreased 4.2% Y/Y to $1.2 billion. As a percentage of total revenue, SG&amp;A expenses were 33.5%, an decrease of 1 basis points Y/Y. EPS was $0.59<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">, beating the analyst consensus estimate of $0.44.</a>
Inventory at the end of the quarter was&nbsp;$3.2 billion, down 9% Y/Y. Kohl&#8217;s held&nbsp;$231 million&nbsp;in cash and equivalents as of August 3. Operating cash flow was $254 million vs. $430 million in the prior year.
Dividend: On August 13, 2024, Kohl&#8217;s Board of Directors declared a quarterly cash dividend of $0.50 per share, payable on September 25, to shareholders of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40351388/kohls-declares-quarterly-dividend" rel="noreferrer noopener">record as of September 11</a>.
Outlook: Kohl&#8217;s raised the outlook for FY24 EPS to $1.75 &#8211; $2.25 (from $1.25 &#8211; $1.85) <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">versus the Street view of $1.56</a>.
Kohl&#8217;s revised FY24 sales growth outlook to a decline of (4%) &#8211; (6%) <a href="https://www.benzinga.com//node/39084889" target="_blank" rel="noreferrer noopener">from a decline of (2%) – (4%)</a>. The company now sees FY24 comparable sales decline of (3%) to (5%) vs. (1%) – (3%) prior.
Kohl&#8217;s now projects an FY24 operating margin of&nbsp;3.4% &#8211; 3.8% (previous&nbsp;3%&nbsp;–&nbsp;3.5%) and continues to see capital expenditures of about&nbsp;$500 million, including expansion of its Sephora partnership and other store-related investments.
Tom Kingsbury, Kohl&#8217;s chief executive officer, said, &#8220;During the second quarter, our customers exhibited more discretion in their spending, which pressured our sales even as customers transacted more frequently. This overshadowed strong performance in our key growth areas, including Sephora, home decor, gifting, and impulse.&#8221;
&#8220;Looking ahead, we are focused on ensuring that the substantial work that we&#8217;ve done across product, value, and experience is fully recognized by both new and existing customers. We will also capitalize on new opportunities such as our partnership with Babies &#8220;R&#8221; Us and expect to continue to benefit from our key growth areas.&#8221;
Investors can gain exposure to the stock via WBI Power Factor High Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIY#NYSE">WBIY</a>) and Invesco S&amp;P SmallCap Value with Momentum ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSVM#NYSE">XSVM</a>)
Price Action: KSS shares are up 3.83% at $20.35 premarket at the last check Wednesday.
Photo: Sundry Photos via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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