Brokerages Set Kohl’s Co. (NYSE:KSS) Price Target at $12.56

Kohl’s Co. (NYSE:KSS) has received a consensus rating of “Reduce” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.10.

A number of brokerages recently issued reports on KSS. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a report on Tuesday, November 26th. TD Cowen dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, March 11th. Citigroup dropped their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Monday. Finally, Morgan Stanley dropped their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th.

Kohl’s Price Performance

Kohl’s stock opened at $8.56 on Friday. Kohl’s has a 52-week low of $7.96 and a 52-week high of $29.60. The firm has a market capitalization of $952.33 million, a price-to-earnings ratio of 3.85 and a beta of 1.92. The company has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $15.68. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.84%. Kohl’s’s dividend payout ratio is presently 51.02%.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Several hedge funds have recently added to or reduced their stakes in KSS. SBI Securities Co. Ltd. acquired a new stake in Kohl’s in the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its holdings in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Kohl’s in the fourth quarter valued at approximately $35,000. State of Wyoming acquired a new stake in Kohl’s in the fourth quarter valued at approximately $35,000. Finally, Farther Finance Advisors LLC raised its holdings in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.