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

Kohl’s Co. (NYSE:KSS) has been assigned a consensus recommendation of “Reduce” from the ten analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $17.22.

Several analysts recently weighed in on the company. TD Cowen dropped their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Telsey Advisory Group decreased their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Citigroup dropped their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Finally, Morgan Stanley cut their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th.

Kohl’s Price Performance

Shares of KSS opened at $14.12 on Monday. The company’s 50-day moving average is $16.01 and its 200-day moving average is $18.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a market capitalization of $1.57 billion, a PE ratio of 6.36, a PEG ratio of 1.38 and a beta of 1.87. Kohl’s has a fifty-two week low of $13.65 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly 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 net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. Equities analysts forecast that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 14.16%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s payout ratio is presently 90.09%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Kohl’s by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after buying an additional 1,804,809 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares in the last quarter. FMR LLC boosted its stake in Kohl’s by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Kohl’s by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after acquiring an additional 643,913 shares during the last quarter. 98.04% of the stock is owned by 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.