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

Shares of Kohl’s Co. (NYSE:KSS) have been assigned an average recommendation of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.22.

KSS has been the topic of a number of recent analyst reports. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research report on Tuesday, November 26th. Morgan Stanley reduced 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, November 25th. Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. TD Cowen reduced their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Finally, Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd.

Institutional Investors Weigh In On Kohl’s

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of Kohl’s by 14.1% during the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after acquiring an additional 491 shares during the last quarter. Arizona State Retirement System grew its position in Kohl’s by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after purchasing an additional 623 shares during the last quarter. Insight Folios Inc grew its position in Kohl’s by 3.4% in the 3rd quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after purchasing an additional 701 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Price Performance

Shares of KSS stock opened at $14.12 on Monday. The firm has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $18.92. The company has a market capitalization of $1.57 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.87. Kohl’s has a twelve month low of $13.65 and a twelve month high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. Equities research analysts anticipate that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 14.16%. Kohl’s’s dividend payout ratio is currently 90.09%.

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.