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

Telsey Advisory Group reaffirmed their market perform rating on shares of Kohl’s (NYSE:KSS) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $10.00 target price on the stock.

Other analysts have also recently issued research reports about the stock. Morgan Stanley decreased their price target on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Citigroup decreased their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Bank of America reduced their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird dropped their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, Kohl’s has an average rating of “Hold” and a consensus target price of $11.87.

Kohl’s Stock Up 1.0 %

Shares of NYSE KSS opened at $8.27 on Tuesday. Kohl’s has a 1 year low of $7.96 and a 1 year high of $28.77. The company has a market capitalization of $920.09 million, a price-to-earnings ratio of 3.72 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. The business has a 50-day moving average of $11.11 and a two-hundred day moving average of $14.81.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was down 9.4% compared to the same quarter last year. On average, analysts forecast that Kohl’s will post 1.3 earnings per share 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. Stockholders of record on Friday, March 21st will be issued a $0.125 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.05%. Kohl’s’s dividend payout ratio is presently 51.02%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’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 transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Institutional Trading of Kohl’s

Large investors have recently bought and sold shares of the company. Quadrature Capital Ltd boosted its position in shares of Kohl’s by 151.8% in the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock worth $1,408,000 after buying an additional 40,238 shares in the last quarter. Dana Investment Advisors Inc. raised its position in Kohl’s by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock worth $3,554,000 after acquiring an additional 91,590 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Kohl’s by 155.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after purchasing an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. grew its position in shares of Kohl’s by 66.7% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Kohl’s by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock worth $24,873,000 after purchasing an additional 55,540 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.