Kohl’s (NYSE:KSS) Lowered to “Hold” Rating by Baird R W

Baird R W downgraded shares of Kohl’s (NYSE:KSS) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on KSS. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $18.00 in a research note on Wednesday. Evercore ISI reduced their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research note on Tuesday. Finally, Citigroup decreased their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus price target of $17.22.

Kohl’s Stock Down 3.2 %

KSS stock opened at $14.74 on Wednesday. The firm’s 50-day moving average is $18.78 and its two-hundred day moving average is $20.73. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60.

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

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.57%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s dividend payout ratio is 78.43%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of hedge funds have recently made changes to their positions in KSS. Pacer Advisors Inc. grew its position in Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kohl’s by 226.4% during the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after buying an additional 95,398 shares during the period. Hexagon Capital Partners LLC grew its holdings in shares of Kohl’s by 49.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after acquiring an additional 1,281 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Kohl’s by 100.0% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after acquiring an additional 52,126 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other 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.