5 Best Mid-Cap Stocks To Buy Now

3. Kohl’s Corporation (NYSE:KSS)

Market Cap as of October 14: $3.14 Billion

Number of Hedge Fund Holders: 40

Kohl’s Corporation (NYSE:KSS) operates one of the largest departmental store chains in the United States. This August, Deutsche Bank analyst Gabriella Carbone revised her price target on Kohl’s Corporation (NYSE:KSS) to $36 from $37 and reiterated a Buy rating on the shares. On September 16, JPMorgan analyst Matthew Boss raised his price target on Kohl’s Corporation (NYSE:KSS) to $30 from $28 and maintained a Neutral rating on the shares.

On August 22, one of the directors of Kohl’s Corporation (NYSE:KSS), Peter Boneparth, disclosed the purchase of 25,000 common shares of the company at $30.01 per share. The transaction was valued at $750,000. On August 23, another director of Kohl’s Corporation (NYSE:KSS), Jonas Prising disclosed the purchase of 10,000 common shares of the company at $29.67 per share. The transaction was valued at $296,700.

Shares of Kohl’s Corporation (NYSE:KSS) have pulled back and now can be the time to rack them up into weakness. As of October 14, the stock is trading at a PE multiple of 5.41 and is offering a forward dividend yield of 7.41%. The stock is one of the best mid-cap stocks to buy now.

At the end of Q2 2022, 40 hedge funds were eager on Kohl’s Corporation (NYSE:KSS) and held stakes worth $593.78 million in the company. As of June 30, HG Vora Capital Management is the top shareholder in Kohl’s Corporation (NYSE:KSS) and has stakes worth $107.07 million in the company.