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

Kohl’s Co. (NYSE:KSSGet Free Report) has been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.29.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, August 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Robert W. Baird decreased their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Finally, Evercore ISI reduced their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th.

Read Our Latest Research Report on Kohl’s

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’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 completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC raised its stake in shares of Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after purchasing an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Kohl’s by 22.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock worth $7,787,000 after buying an additional 49,209 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc grew its position in shares of Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after acquiring an additional 40,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after acquiring an additional 52,126 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Kohl’s by 495.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after acquiring an additional 4,107 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Trading Up 3.4 %

NYSE KSS opened at $19.95 on Wednesday. Kohl’s has a 52 week low of $17.89 and a 52 week high of $29.60. The firm has a 50 day moving average of $19.64 and a two-hundred day moving average of $22.03. The stock has a market capitalization of $2.22 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSSGet Free Report) last issued 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 net margin of 1.66% and a return on equity of 7.43%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts expect that Kohl’s will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

About Kohl’s

(Get Free Report

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.

Further Reading

Analyst Recommendations for Kohl's (NYSE:KSS)

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