Kohl’s (NYSE:KSS) Downgraded by Morgan Stanley

Morgan Stanley cut shares of Kohl’s (NYSE:KSS) to an underweight rating in a research report released on Tuesday morning. They currently have $17.00 price target on the stock, down from their prior price target of $18.00.

KSS has been the topic of a number of other reports. Telsey Advisory Group reaffirmed a market perform rating and set a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 21st. Evercore ISI reduced their target price on Kohl’s from $24.00 to $22.00 and set an in-line rating on the stock in a report on Friday, May 31st. JPMorgan Chase & Co. reduced their target price on Kohl’s from $25.00 to $20.00 and set a neutral rating on the stock in a report on Friday, May 31st. Robert W. Baird reduced their target price on Kohl’s from $32.00 to $27.00 and set an outperform rating on the stock in a report on Friday, May 31st. Finally, StockNews.com downgraded Kohl’s from a buy rating to a hold rating in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kohl’s currently has an average rating of Hold and a consensus target price of $21.67.

Kohl’s Stock Down 1.4 %

NYSE KSS opened at $19.60 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average is $21.15 and its two-hundred day moving average is $23.88. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.90 and a beta of 1.95. Kohl’s has a 1-year low of $17.68 and a 1-year high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.41 billion. Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. Equities analysts forecast that Kohl’s will post 1.38 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.20%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KSS. Squarepoint Ops LLC raised its position in Kohl’s by 6,076.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after purchasing an additional 1,804,809 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kohl’s by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after acquiring an additional 1,775,024 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after acquiring an additional 1,694,162 shares during the last quarter. Norges Bank bought a new stake in shares of Kohl’s during the 4th quarter valued at $34,583,000. Finally, Vision One Management Partners LP bought a new stake in shares of Kohl’s during the 4th quarter valued at $28,413,000. Institutional investors own 98.04% of the company’s stock.

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.