Analysts Set Kohl’s Co. (NYSE:KSS) PT at $21.29

Kohl’s Co. (NYSE:KSS) has received an average recommendation of “Reduce” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.29.

A number of analysts have issued reports on the stock. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. 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 report on Thursday, August 29th. Finally, Robert W. Baird reduced their price target 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.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $18.62 on Friday. 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 has a 1 year low of $17.41 and a 1 year high of $29.60. The firm has a fifty day moving average price of $19.30 and a 200-day moving average price of $21.23. The stock has a market cap of $2.07 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping 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 company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Kohl’s will post 1.81 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 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 10.74%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is 78.43%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Kohl’s

Several large investors have recently added to or reduced their stakes in KSS. Signaturefd LLC raised its stake in shares of Kohl’s by 14.1% during the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock valued at $84,000 after acquiring an additional 491 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Kohl’s by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after buying an additional 623 shares during the period. Insight Folios Inc lifted its holdings in shares of Kohl’s by 3.4% in the 3rd quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after buying an additional 701 shares during the period. Summit Securities Group LLC grew its position in shares of Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after buying an additional 800 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.