Kohl’s (NYSE:KSS) Price Target Lowered to $18.00 at Citigroup

Kohl’s (NYSE:KSS) had its price target trimmed by Citigroup from $19.00 to $18.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also issued reports on KSS. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Evercore ISI reduced their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird cut their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $20.43.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $17.38 on Monday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The business’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $21.13. Kohl’s has a 12 month low of $17.22 and a 12 month high of $29.60.

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

Kohl’s Announces Dividend

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 11.51%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kohl’s

A number of large investors have recently modified their holdings of KSS. Geode Capital Management LLC raised its holdings in Kohl’s by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after buying an additional 91,608 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Kohl’s during the 3rd quarter valued at $2,694,000. Whitebox Advisors LLC boosted its position 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 increased its holdings in Kohl’s by 25.0% in 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 raised its position in Kohl’s by 121.3% in the third quarter. Stifel Financial Corp now owns 48,090 shares of the company’s stock valued at $1,015,000 after purchasing an additional 26,362 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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.