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

Shares of Kohl’s Co. (NYSE:KSS) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $26.08.

A number of equities analysts have recently issued reports on the stock. Evercore ISI initiated coverage on shares of Kohl’s in a report on Tuesday, November 7th. They issued an “inline” rating and a $24.00 price target for the company. StockNews.com initiated coverage on shares of Kohl’s in a research report on Thursday, October 5th. They set a “hold” rating for the company. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 price target on shares of Kohl’s in a report on Tuesday. UBS Group reduced their price objective on Kohl’s from $16.00 to $15.00 in a report on Monday, September 25th. Finally, OTR Global upgraded Kohl’s from a “mixed” rating to a “positive” rating in a research report on Friday, August 4th.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $22.67 on Wednesday. Kohl’s has a 52 week low of $17.68 and a 52 week high of $35.77. The company has a 50-day moving average price of $21.49 and a 200 day moving average price of $23.01. The company has a market cap of $2.51 billion, a P/E ratio of -22.23, a PEG ratio of 1.10 and a beta of 1.83. The company has a quick ratio of 0.14, a current ratio of 1.15 and a debt-to-equity ratio of 1.17.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.23 by $0.29. Kohl’s had a negative return on equity of 2.72% and a negative net margin of 0.59%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $1.11 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts predict that Kohl’s will post 2.48 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 8.82%. Kohl’s’s dividend payout ratio (DPR) is -196.08%.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in Kohl’s by 150.5% during the first quarter. Tower Research Capital LLC TRC now owns 18,261 shares of the company’s stock worth $429,000 after acquiring an additional 10,971 shares during the last quarter. Alaska Permanent Fund Corp purchased a new stake in shares of Kohl’s in the second quarter valued at $2,436,000. Sigma Planning Corp acquired a new position in Kohl’s in the second quarter valued at $307,000. Deseret Mutual Benefit Administrators lifted its position in Kohl’s by 39.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,081 shares of the company’s stock worth $48,000 after buying an additional 593 shares during the period. Finally, Oxinas Partners Wealth Management LLC acquired a new stake in Kohl’s in the 2nd quarter worth about $219,000. 98.04% of the stock is owned by institutional investors and hedge funds.

About Kohl’s

Kohl's Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.