Kohl’s (NYSE:KSS) Stock Price Down 6.3% After Analyst Downgrade

Kohl’s Co. (NYSE:KSS)’s share price traded down 6.3% on Wednesday after Bank of America lowered their price target on the stock from $15.00 to $8.00. Bank of America currently has an underperform rating on the stock. Kohl’s traded as low as $8.55 and last traded at $8.58. 3,721,139 shares changed hands during trading, a decline of 57% from the average session volume of 8,556,530 shares. The stock had previously closed at $9.15.

Other research analysts also recently issued research reports about the stock. Telsey Advisory Group restated a “market perform” rating and set a $13.00 price objective on shares of Kohl’s in a report on Tuesday. Morgan Stanley lowered their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday. Robert W. Baird lowered their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group lowered their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research note on Tuesday, March 4th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.19.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. grew its position in 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 purchasing an additional 917 shares in the last quarter. Vident Advisory LLC lifted its stake in Kohl’s by 9.3% in the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock valued at $160,000 after acquiring an additional 967 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Kohl’s by 1.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock valued at $830,000 after acquiring an additional 972 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Kohl’s by 7.6% in the fourth quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock valued at $246,000 after acquiring an additional 1,232 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 7.4 %

The business’s 50 day simple moving average is $12.58 and its 200 day simple moving average is $16.00. 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 stock has a market cap of $943.09 million, a price-to-earnings ratio of 3.86 and a beta of 1.92.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the firm earned $1.67 EPS. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, research analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.90%. Kohl’s’s dividend payout ratio is currently 90.09%.

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.