Whales with a lot of money to spend have taken a noticeably bearish stance on Kohl's.
Looking at options history for Kohl's KSS we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $1,092,431 and 7, calls, for a total amount of $565,198.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.5 to $30.0 for Kohl's over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $22.5 to $30.0 in the last 30 days.
Kohl's 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KSS | PUT | TRADE | BEARISH | 06/21/24 | $4.8 | $4.25 | $4.65 | $27.50 | $558.0K | 4.5K | 1.2K |
| KSS | CALL | SWEEP | BEARISH | 12/19/25 | $4.8 | $4.5 | $4.5 | $25.00 | $225.0K | 1.0K | 500 |
| KSS | CALL | SWEEP | BEARISH | 12/19/25 | $7.5 | $5.15 | $5.15 | $22.50 | $96.3K | 214 | 200 |
| KSS | CALL | SWEEP | BEARISH | 12/19/25 | $4.5 | $4.35 | $4.35 | $25.00 | $80.9K | 1.0K | 888 |
| KSS | PUT | SWEEP | BEARISH | 06/21/24 | $1.54 | $1.54 | $1.54 | $24.00 | $62.0K | 1.8K | 403 |
About Kohl's
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.
Following our analysis of the options activities associated with Kohl's, we pivot to a closer look at the company's own performance.
Current Position of Kohl's
- Trading volume stands at 3,855,981, with KSS's price down by -3.88%, positioned at $22.93.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 78 days.
Professional Analyst Ratings for Kohl's
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $24.4.
- Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Kohl's, targeting a price of $27.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Kohl's, targeting a price of $22.
- An analyst from JP Morgan persists with their Neutral rating on Kohl's, maintaining a target price of $20.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Kohl's, targeting a price of $28.
- An analyst from TD Cowen persists with their Buy rating on Kohl's, maintaining a target price of $25.
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 Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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