Kohl’s Co. (NYSE:KSS) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Kohl’s Co. (NYSE:KSS) have received an average recommendation of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.29.

Several analysts have weighed in on KSS shares. Robert W. Baird lowered their target price 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. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and lowered their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Evercore ISI lowered their target price 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. Finally, 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 report on Thursday, August 29th.

Kohl’s Stock Performance

Shares of KSS stock opened at $20.80 on Wednesday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.31 and a beta of 1.93. Kohl’s has a one year low of $17.89 and a one year high of $29.60. The company’s 50-day simple moving average is $19.65 and its 200-day simple moving average is $21.86. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the business posted $0.52 EPS. Kohl’s’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Kohl’s will post 1.8 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 9.62%. Kohl’s’s dividend payout ratio is presently 80.65%.

Insider Buying and Selling

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 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KSS. GAMMA Investing LLC grew its position in Kohl’s by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after buying an additional 523 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Kohl’s by 2.0% in the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock valued at $714,000 after acquiring an additional 623 shares in the last quarter. Summit Securities Group LLC increased its stake in shares of Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after acquiring an additional 800 shares during the period. CWM LLC raised its holdings 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 in the last quarter. Finally, Whitebox Advisors LLC lifted its position in Kohl’s by 2.2% in the first quarter. Whitebox Advisors LLC now owns 45,770 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,000 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

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.