Kohl’s (NYSE:KSS) Sets New 12-Month Low After Earnings Miss

Kohl’s Co. (NYSE:KSS)’s share price hit a new 52-week low during trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $14.53 and last traded at $14.62, with a volume of 8607233 shares changing hands. The stock had previously closed at $18.34.

The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.61%. Kohl’s’s dividend payout ratio (DPR) is 78.43%.

Analyst Ratings Changes

KSS has been the subject of several recent research reports. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Evercore ISI reduced their target price on shares of 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 price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Robert W. Baird cut their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and an average target price of $20.14.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its position in Kohl’s by 183.8% in the 3rd 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 last quarter. Security National Bank purchased a new position in shares of Kohl’s during the second quarter worth about $34,000. Farther Finance Advisors LLC increased its position in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the period. CWM LLC raised its stake in Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after acquiring an additional 948 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Kohl’s during the 2nd quarter worth approximately $49,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Down 19.9 %

The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The firm has a 50 day simple moving average of $18.93 and a two-hundred day simple moving average of $20.83. The company has a market capitalization of $1.63 billion, a PE ratio of 5.73, a P/E/G ratio of 1.20 and a beta of 1.94.

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.