Unusual Call Option Trade in Kohl’s Worth $179.21K

On May 23, 2023 at 15:00:17 ET an unusually large $179.21K block of Call contracts in Kohl`s (KSS) was bought, with a strike price of $25.00 / share, expiring in 206 day(s) (on December 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.00 sigmas above the mean, placing it in the 83.05th percentile of all recent large trades made in KSS options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 761 funds or institutions reporting positions in Kohl`s. This is a decrease of 61 owner(s) or 7.42% in the last quarter. Average portfolio weight of all funds dedicated to KSS is 0.27%, a decrease of 0.32%. Total shares owned by institutions decreased in the last three months by 1.52% to 119,981K shares. The put/call ratio of KSS is 0.93, indicating a bullish outlook.

Analyst Price Forecast Suggests 42.03% Upside

As of May 11, 2023, the average one-year price target for Kohl`s is 27.71. The forecasts range from a low of 16.16 to a high of $39.90. The average price target represents an increase of 42.03% from its latest reported closing price of 19.51.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Kohl`s is 17,778MM, a decrease of 1.77%. The projected annual non-GAAP EPS is 3.42.

What are Other Shareholders Doing?

Price T Rowe Associates holds 9,463K shares representing 8.55% ownership of the company. In it’s prior filing, the firm reported owning 9,013K shares, representing an increase of 4.76%. The firm decreased its portfolio allocation in KSS by 8.91% over the last quarter.

Macellum Advisors holds 5,463K shares representing 4.93% ownership of the company. In it’s prior filing, the firm reported owning 5,462K shares, representing an increase of 0.02%. The firm decreased its portfolio allocation in KSS by 0.74% over the last quarter.

Lsv Asset Management holds 4,308K shares representing 3.89% ownership of the company. In it’s prior filing, the firm reported owning 4,306K shares, representing an increase of 0.05%. The firm decreased its portfolio allocation in KSS by 5.14% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 3,602K shares representing 3.25% ownership of the company. In it’s prior filing, the firm reported owning 3,752K shares, representing a decrease of 4.17%. The firm decreased its portfolio allocation in KSS by 15.88% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,542K shares representing 3.20% ownership of the company. In it’s prior filing, the firm reported owning 3,856K shares, representing a decrease of 8.84%. The firm decreased its portfolio allocation in KSS by 14.82% over the last quarter.

Kohl`s Background Information
(This description is provided by the company.)

Kohl’s Corporation is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in its stores, online at Kohls.com and on Kohl’s mobile app. Since its founding, Kohl’s has given more than $700 million to support communities nationwide, with a focus on family health and wellness.

Key filings for this company:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

This article originally appeared on Fintel