Kohl’s Corporation (NYSE:KSS) Receives Average Rating of “Reduce” from Analysts

Shares of Kohl’s Corporation (NYSE:KSS) have been given an average recommendation of “Reduce” by the sixteen analysts that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $15.2727.

A number of equities analysts recently commented on the company. Zacks Research downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, November 26th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target (up from $16.00) on shares of Kohl’s in a research note on Tuesday, November 25th. BTIG Research restated a “neutral” rating on shares of Kohl’s in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a report on Thursday, January 22nd.

Insider Activity at Kohl’s

In other news, CFO Jill Timm sold 25,000 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.75, for a total transaction of $568,750.00. Following the transaction, the chief financial officer owned 335,561 shares of the company’s stock, valued at approximately $7,634,012.75. This represents a 6.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

A number of large investors have recently added to or reduced their stakes in KSS. Corient Private Wealth LLC grew its holdings in Kohl’s by 98.5% during the fourth quarter. Corient Private Wealth LLC now owns 23,332 shares of the company’s stock valued at $456,000 after purchasing an additional 11,576 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Kohl’s during the 4th quarter worth $411,000. Fuller & Thaler Asset Management Inc. acquired a new position in Kohl’s in the 4th quarter valued at $49,796,000. XTX Topco Ltd grew its stake in Kohl’s by 182.2% in the 4th quarter. XTX Topco Ltd now owns 50,321 shares of the company’s stock valued at $1,027,000 after buying an additional 32,490 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in Kohl’s by 0.3% in the 4th quarter. Voloridge Investment Management LLC now owns 1,602,607 shares of the company’s stock worth $32,709,000 after acquiring an additional 4,757 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $16.37 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 9.52 and a beta of 1.44. Kohl’s has a 1 year low of $6.04 and a 1 year high of $25.22. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $17.98.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.29. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. As a group, sell-side analysts predict that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, March 18th. Kohl’s’s dividend payout ratio is 29.07%.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.