Kohl’s Co. (NYSE:KSS) Receives $20.67 Average Price Target from Brokerages

Kohl’s Co. (NYSE:KSS) has earned a consensus recommendation of “Reduce” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $20.67.

KSS has been the subject of several research reports. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Robert W. Baird reduced their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Evercore ISI lowered their target price on 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.

Hedge Funds Weigh In On Kohl’s

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Kohl’s by 39.7% during the fourth quarter. Principal Financial Group Inc. now owns 569,924 shares of the company’s stock valued at $16,345,000 after acquiring an additional 161,973 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Kohl’s by 9.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 119,829 shares of the company’s stock worth $3,437,000 after purchasing an additional 10,520 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Kohl’s by 197.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,756 shares of the company’s stock worth $79,000 after purchasing an additional 1,829 shares during the last quarter. Norges Bank bought a new position in shares of Kohl’s during the fourth quarter valued at $34,583,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Kohl’s by 21.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,567 shares of the company’s stock valued at $446,000 after buying an additional 2,754 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

KSS stock opened at $18.94 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $22.80. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.32 and a beta of 1.93. Kohl’s has a 12-month low of $17.68 and a 12-month high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. Kohl’s’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, equities analysts predict that Kohl’s will post 1.81 earnings per share for the current 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

About Kohl’s

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.