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

Kohl’s Co. (NYSE:KSS) has been given a consensus rating of “Reduce” by the ten research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.22.

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price 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. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a report on Tuesday, November 26th. TD Cowen reduced their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th.

Kohl’s Stock Performance

NYSE KSS opened at $14.36 on Monday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 6.47, a PEG ratio of 1.38 and a beta of 1.88. The stock has a 50-day simple moving average of $16.59 and a two-hundred day simple moving average of $19.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s has a fifty-two week low of $13.77 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results 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). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, equities analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.93%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’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 transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently added to or reduced their stakes in KSS. Brown Brothers Harriman & Co. grew its holdings in 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 in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 117.5% during the 3rd 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 during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s in the second quarter valued at about $49,000. Quest Partners LLC acquired a new stake in Kohl’s during the third quarter worth about $60,000. Finally, Signaturefd LLC raised its stake in Kohl’s by 14.1% during the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after purchasing an additional 491 shares during the period. Hedge funds and other institutional investors 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.