Kohl’s (NYSE:KSS) Sets New 12-Month Low – Time to Sell?

Kohl’s Co. (NYSE:KSS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.81 and last traded at $13.89, with a volume of 6357285 shares trading hands. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup reduced their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Telsey Advisory Group reduced their price objective on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Finally, TD Cowen lowered their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.54 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.88. The business has a 50-day moving average of $17.45 and a 200 day moving average of $19.64.

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). 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 during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, research analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 14.42%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The shares were 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 owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KSS. Quadrature Capital Ltd raised its holdings in shares of Kohl’s by 151.8% in the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock worth $1,408,000 after purchasing an additional 40,238 shares during the period. Pacer Advisors Inc. increased its position in Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after buying an additional 9,925,878 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kohl’s in the third quarter valued at $735,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Kohl’s during the 3rd quarter valued at $2,694,000. Finally, Victory Capital Management Inc. grew 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 worth $2,902,000 after acquiring an additional 95,398 shares during the period. 98.04% of the stock is currently 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.