Kohl’s Co. (NYSE:KSS) Given Consensus Recommendation of “Reduce” by Brokerages

Kohl’s Co. (NYSE:KSS) has been assigned an average recommendation of “Reduce” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.22.

A number of equities research analysts have issued reports on the stock. Evercore ISI reduced their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Morgan Stanley reduced their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 25th. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a report on Thursday, August 29th. Finally, TD Cowen reduced their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th.

Kohl’s Stock Performance

NYSE:KSS opened at $15.29 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market capitalization of $1.70 billion, a P/E ratio of 6.89, a PEG ratio of 1.48 and a beta of 1.88. The company has a 50 day moving average price of $18.38 and a 200 day moving average price of $20.35. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. Equities research analysts forecast that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

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 dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.08%. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. boosted its holdings in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Security National Bank purchased a new stake in shares of Kohl’s in the second quarter valued at about $34,000. Farther Finance Advisors LLC boosted its holdings in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares in the last quarter. CWM LLC boosted its holdings in shares of Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after acquiring an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s in the second quarter valued at about $49,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.