Telsey Advisory Group Lowers Kohl’s (NYSE:KSS) Price Target to $17.00

Kohl’s (NYSE:KSS) had its price target decreased by Telsey Advisory Group from $23.00 to $17.00 in a research report report published on Wednesday morning, MarketBeat reports. Telsey Advisory Group currently has a market perform rating on the stock.

A number of other brokerages also recently weighed in on KSS. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Citigroup dropped their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a report on Wednesday. Finally, TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

Shares of KSS stock opened at $14.97 on Wednesday. The firm’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $20.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05. Kohl’s has a 52-week low of $14.22 and a 52-week high of $29.60. The stock has a market cap of $1.67 billion, a PE ratio of 6.74, a PEG ratio of 1.37 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, analysts forecast that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.36%. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Transactions at Kohl’s

In related 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 transaction of $315,392.09. Following the completion of 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 represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in shares of Kohl’s by 149.3% in the 3rd 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 during the period. FMR LLC increased its position in Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 buying an additional 52,126 shares during the last quarter. American Century Companies Inc. raised its stake in Kohl’s by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after buying an additional 643,913 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Kohl’s by 348.0% in the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after buying an additional 1,694,162 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.