Kohl’s (NYSE:KSS) Cut to Reduce at Gordon Haskett

Gordon Haskett downgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a reduce rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. Gordon Haskett currently has $11.00 price objective on the stock.

KSS has been the topic of several other reports. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a report on Thursday, August 29th. Evercore ISI decreased their price objective 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. Citigroup cut their target price on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Finally, Robert W. Baird decreased their price target 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.22.

Kohl’s Trading Up 1.7 %

NYSE KSS opened at $15.00 on Tuesday. The business’s 50-day moving average price is $18.63 and its two-hundred day moving average price is $20.61. Kohl’s has a 12 month low of $14.22 and a 12 month high of $29.60. The firm has a market capitalization of $1.67 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94. The company has a current ratio of 1.05, a quick ratio of 0.16 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the company posted $0.53 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. On average, analysts expect that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.34%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is currently 90.09%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s 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 owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kohl’s

A number of hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its position in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the period. Security National Bank bought a new stake in Kohl’s in the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC lifted its holdings in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. CWM LLC boosted its position in Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s in the second quarter worth about $49,000. 98.04% of the stock is currently owned by 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.