Kohl’s (NYSE:KSS) Stock Price Down 11.9% – Should You Sell?

Kohl’s Co. (NYSE:KSS) fell 11.9% during trading on Thursday . The stock traded as low as $6.77 and last traded at $6.84. 2,349,785 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 8,191,269 shares. The stock had previously closed at $7.76.

Analyst Ratings Changes

Several brokerages have commented on KSS. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price target on shares of Kohl’s in a research note on Tuesday, April 1st. Morgan Stanley cut their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 12th. Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Bank of America reduced their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Finally, Citigroup lowered their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.87.

Kohl’s Stock Down 1.7 %

The company has a market capitalization of $748.65 million, a price-to-earnings ratio of 3.03 and a beta of 1.65. 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 business has a 50-day moving average price of $9.85 and a 200-day moving average price of $14.04.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.43%. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

Institutional Investors Weigh In On Kohl’s

Several hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its stake in shares of Kohl’s by 121.3% in the third quarter. Stifel Financial Corp now owns 48,090 shares of the company’s stock worth $1,015,000 after acquiring an additional 26,362 shares during the last quarter. Geode Capital Management LLC increased its position in Kohl’s by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after purchasing an additional 91,608 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kohl’s during the 3rd quarter worth about $215,000. Franklin Resources Inc. lifted its holdings in shares of Kohl’s by 25.6% during the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock valued at $872,000 after buying an additional 9,196 shares during the last quarter. Finally, Silverleafe Capital Partners LLC bought a new stake in shares of Kohl’s in the 4th quarter valued at approximately $140,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.