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

Shares of Kohl’s Co. (NYSE:KSS) have received an average recommendation of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.29.

Several research firms have commented on KSS. Robert W. Baird dropped their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Evercore ISI cut their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently bought and sold shares of KSS. Geode Capital Management LLC lifted its position in shares of Kohl’s by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after purchasing an additional 91,608 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Kohl’s in the third quarter worth approximately $2,694,000. Whitebox Advisors LLC increased its holdings in Kohl’s by 19.0% during the 3rd quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock worth $1,324,000 after purchasing an additional 10,000 shares during the period. Texas Capital Bank Wealth Management Services Inc raised its position in Kohl’s by 25.0% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 100,000 shares of the company’s stock valued at $2,110,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Kohl’s by 121.3% in the 3rd quarter. Stifel Financial Corp now owns 48,090 shares of the company’s stock worth $1,015,000 after buying an additional 26,362 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

NYSE:KSS opened at $18.00 on Friday. The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $21.17. 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 12-month low of $17.41 and a 12-month high of $29.60. The stock has a market capitalization of $2.00 billion, a P/E ratio of 7.07, a P/E/G ratio of 1.25 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts forecast that Kohl’s will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 78.43%.

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.