Kohl’s (NYSE:KSS) Price Target Cut to $14.00 by Analysts at Citigroup

Kohl’s (NYSE:KSS) had its target price lowered by Citigroup from $18.00 to $14.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

KSS has been the topic of a number of other reports. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $18.00 in a research report on Wednesday. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research report on Tuesday. Guggenheim dropped their price target on Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. Evercore ISI cut their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. lowered 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Kohl’s currently has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s Price Performance

KSS opened at $15.00 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $18.63 and a 200 day moving average of $20.61. Kohl’s has a 52-week low of $14.22 and a 52-week high of $29.60. The stock has a market cap of $1.67 billion, a P/E ratio of 6.75, a PEG ratio of 1.37 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently announced 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 is Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.34%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 SEC, which is available through this link. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Several institutional investors and hedge funds have recently bought and sold shares of the company. 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 purchasing an additional 9,196 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Kohl’s in the third quarter valued at about $215,000. Geode Capital Management LLC boosted its holdings in Kohl’s by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after acquiring an additional 91,608 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Kohl’s in the third quarter worth about $2,694,000. Finally, Whitebox Advisors LLC grew its stake in shares of Kohl’s by 19.0% during the third quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock worth $1,324,000 after acquiring an additional 10,000 shares during the last quarter. 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.