Kohl’s (NYSE:KSS) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Kohl’s (NYSE:KSS) in a report issued on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $13.00 target price on the stock.

Other analysts also recently issued research reports about the company. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. TD Cowen lowered their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.93.

Kohl’s Stock Performance

KSS opened at $9.11 on Tuesday. The business’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $16.00. Kohl’s has a 1 year low of $8.75 and a 1 year high of $29.60. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 4.11 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. Equities analysts expect that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.49%. Kohl’s’s dividend payout ratio (DPR) is currently 90.09%.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Several institutional investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. acquired a new position in Kohl’s during the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its position in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new position in Kohl’s during the fourth quarter valued at approximately $35,000. State of Wyoming acquired a new position in Kohl’s during the fourth quarter valued at approximately $35,000. Finally, Farther Finance Advisors LLC raised its position in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Kohl’s

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.