Kohl’s (NYSE:KSS) Downgraded to “Reduce” Rating by Gordon Haskett

Gordon Haskett lowered shares of Kohl’s (NYSE:KSS) from a hold rating to a reduce rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. Gordon Haskett currently has $11.00 price target on the stock.

Several other equities analysts also recently commented on the company. Evercore ISI lowered their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Citigroup cut their target price on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Robert W. Baird lowered their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.00.

Kohl’s Price Performance

KSS opened at $15.24 on Tuesday. The stock has a fifty day moving average price of $18.86 and a 200 day moving average price of $20.77. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. 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 $1.69 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 1.20 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. Analysts forecast that Kohl’s will post 1.77 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders 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 13.13%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % 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.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently modified their holdings of KSS. Brown Brothers Harriman & Co. increased its stake in shares of Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the period. Security National Bank acquired a new stake in Kohl’s in the second quarter worth about $34,000. Farther Finance Advisors LLC raised its holdings in Kohl’s by 117.5% during 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 lifted 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 shares of Kohl’s in the 2nd quarter valued at about $49,000. 98.04% of the stock is 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.