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

Shares of Kohl’s Co. (NYSE:KSS) have been assigned a consensus recommendation of “Reduce” from the ten analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.22.

Several analysts recently weighed in on KSS shares. TD Cowen dropped their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Citigroup lowered their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of Kohl’s by 14.1% during the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after acquiring an additional 491 shares in the last quarter. Arizona State Retirement System increased its stake in Kohl’s by 2.0% in the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock valued at $714,000 after purchasing an additional 623 shares during the last quarter. Insight Folios Inc raised its holdings in Kohl’s by 3.4% during the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after purchasing an additional 701 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Price Performance

KSS stock opened at $14.36 on Monday. Kohl’s has a 52-week low of $13.77 and a 52-week high of $29.60. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.88. The business has a fifty day moving average of $16.59 and a two-hundred day moving average of $19.16.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $0.53 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, research analysts anticipate that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.93%. Kohl’s’s dividend payout ratio is currently 90.09%.

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.