Kohl’s (NYSE:KSS) Downgraded by Gordon Haskett to Reduce

Gordon Haskett downgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a reduce rating in a report issued on Tuesday, Marketbeat reports. Gordon Haskett currently has $11.00 price objective on the stock.

A number of other analysts have also commented on KSS. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research note on Thursday, August 29th. Morgan Stanley decreased their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Robert W. Baird dropped 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 decreased their price target 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average price target of $19.00.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $15.24 on Tuesday. The firm’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $20.77. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 1.20 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that Kohl’s will post 1.77 earnings per share for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.13%. Kohl’s’s dividend payout ratio is 78.43%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’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 transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after buying an additional 9,925,878 shares during the period. Squarepoint Ops LLC increased its position in Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after acquiring an additional 1,804,809 shares during the period. AQR Capital Management LLC raised its stake in Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after purchasing an additional 1,694,162 shares in the last quarter. FMR LLC boosted its holdings in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after purchasing an additional 740,398 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Kohl’s by 518.9% in the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after purchasing an additional 716,919 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.