Kohl’s (NYSE:KSS) Downgraded by Guggenheim to “Neutral”

Guggenheim lowered shares of Kohl’s (NYSE:KSS) from a buy rating to a neutral rating in a research note released on Monday, MarketBeat reports.

KSS has been the subject of a number of other reports. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research note on Tuesday, November 26th. Finally, Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

Shares of KSS opened at $15.44 on Monday. The firm has a fifty day moving average price of $18.56 and a 200 day moving average price of $20.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.16. Kohl’s has a 1-year low of $14.22 and a 1-year high of $29.60. The stock has a market cap of $1.72 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 1.39 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. As a group, sell-side analysts anticipate that Kohl’s will post 1.28 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.96%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kohl’s

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its holdings in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the last quarter. Security National Bank bought a new stake in shares of Kohl’s in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its holdings in shares of Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares during the last quarter. CWM LLC boosted its position in Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after purchasing an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in Kohl’s during the 2nd quarter worth $49,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.