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

Shares of Kohl’s Corporation (NYSE:KSS) have earned a consensus rating of “Reduce” from the fifteen research firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.75.

A number of brokerages have recently commented on KSS. Robert W. Baird increased their target price on shares of Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. Barclays raised their price target on shares of Kohl’s from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Friday, May 30th. Wall Street Zen cut Kohl’s from a “hold” rating to a “sell” rating in a report on Sunday, June 22nd. The Goldman Sachs Group reiterated a “sell” rating on shares of Kohl’s in a research report on Thursday, May 29th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price objective on shares of Kohl’s in a research report on Thursday, May 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming purchased a new position in Kohl’s in the fourth quarter worth approximately $35,000. National Bank of Canada FI purchased a new position in Kohl’s in the first quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its stake in Kohl’s by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock worth $26,000 after acquiring an additional 1,887 shares during the last quarter. CWM LLC lifted its stake in Kohl’s by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in Kohl’s in the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of NYSE KSS opened at $9.64 on Friday. The firm has a 50-day simple moving average of $8.54 and a 200-day simple moving average of $9.64. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.84 and a beta of 1.66. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. Kohl’s has a 52 week low of $6.04 and a 52 week high of $22.60.

Kohl’s (NYSE:KSS) last issued its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) earnings per share. On average, equities analysts predict that Kohl’s will post 1.3 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, June 25th. Stockholders of record on Wednesday, June 11th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.19%. The ex-dividend date was Wednesday, June 11th. Kohl’s’s payout ratio is 45.87%.

Kohl’s Company Profile

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.