Kohl’s (NYSE:KSS) Price Target Lowered to $15.00 at Morgan Stanley

Kohl’s (NYSE:KSS) had its price target trimmed by Morgan Stanley from $17.00 to $15.00 in a report released on Monday morning. The brokerage currently has an underweight rating on the stock.

Several other research analysts have also weighed in on the stock. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Robert W. Baird reduced their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Citigroup reduced their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.14.

Kohl’s Stock Performance

Kohl’s stock opened at $18.34 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The company has a market cap of $2.04 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. Kohl’s has a fifty-two week low of $16.12 and a fifty-two week high of $29.60. The firm’s 50 day simple moving average is $18.93 and its 200-day simple moving average is $20.83.

Kohl’s (NYSE:KSS) last announced its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. As a group, equities research analysts predict that Kohl’s will post 1.77 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.91%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Kohl’s

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

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.