Kohl’s Co. (NYSE:KSS) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Kohl’s Co. (NYSE:KSS) have been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.29.

Several brokerages recently weighed in on KSS. Robert W. Baird cut their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a report on Thursday, August 29th. Morgan Stanley lowered Kohl’s to an “underweight” rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Finally, Evercore ISI reduced their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were 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 approximately $2,636,116.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hexagon Capital Partners LLC boosted its stake in shares of Kohl’s by 49.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after acquiring an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Kohl’s by 22.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock valued at $7,787,000 after purchasing an additional 49,209 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in shares of Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after purchasing an additional 40,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Kohl’s by 495.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock worth $144,000 after buying an additional 4,107 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $19.95 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average of $19.64 and a two-hundred day moving average of $22.03. The company has a market cap of $2.22 billion, a P/E ratio of 8.04, a PEG ratio of 1.31 and a beta of 1.93. Kohl’s has a 52 week low of $17.89 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, analysts anticipate that Kohl’s will post 1.8 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 annualized dividend and a yield of 10.03%. Kohl’s’s dividend payout ratio is currently 80.65%.

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.